Something exciting & sensational is coming for NFT collectors and enthusiasts alike to look forward to. Trava.Finance is launching #KnightNFT for enabling NFT-collateralization. By opening the NFT marketplace for everyone and facilitating collateralization, we can see more activity in the future & benefits. Trava.Finance can now move towards their goal of introducing NFT utilities to their lending pool. Continue reading to learn more about Trava.Finance’s exciting launch.
Introducing Trava Knight NFT
Trava.Finance is the world’s first decentralised marketplace for cross-chain lending and offers a flexible mechanism in which users can create and manage their lending pools to start a lending business. Recent developments by the team Announcement they will launch Knight NFT for enabling NFT-collateralization, to fulfil their vision of allowing NFTS to be widely used as collateral and improving the lending protocol.
In October, Trava successfully launched their NFT Renting Marketplace in association with a GameFi project, which saw an influx of traffic towards it – bringing momentum from players. To date many players have successfully dedeposited their NFTs so that others can rent them at a lower price. Trava intends to increase the lending pool to add more NFT utilities to build on this success.
Trava.Finance’s vision is simple – to progress towards the goal of allowing NFTs to be used as collateral and improving the lending protocol. Future plans include the development of an auction mechanism for pricing NFTs. Then, they will prepare to incorporate them into the lending pool as collateral. Trava’s NFT Marketplace, which is planned to launch first, will be the first step to enabling NFT-collateralization; bringing huge benefits to the lenders and borrowers soon.
Knight NFT Holders will be able to farm, stake and more
NFT owners will have the opportunity to list or sell their NFTs through Trava NFT Marketplace. Launching the Trava knight NFT will increase TRAVA utility. All trading on the Marketplace is done in $TRAVA. $TRAVA holders can enjoy many benefits from Trava Knight’s NFT launch. Other benefits include farming and staking, as well as many other.
At the first stage of the NFT Marketplace launch, Trava will run the ‘Trava Armoury Chests’ product, which allows users to buy and uncover mystery chests. Based on the Epic of Trava Knights, the item in those chests will be randomly 1 out of 4 parts of a knight’s armour, including Helmet, Armor, Shield, and Weapon. The parts of the knight’s armour will be divided into five rarities, from lowest to most valuable: Silver, Copper, Gold, Diamond and Crystal. A chest can contain only one random rare item. Once you have collected 4 pieces of helmet, armor, shield, and weapon, you can create your own Collection NFT.
Trava.Finance’s NFTs Farming Program will be launched several hours after the “TRAVA ARMOURY CHESTS” sales program initialization. Users will enjoy great returns from the NFTs farm program by collecting NFT collection. Trava’s farming program offers holders several vaults for each rarity with a great APY of minimum 3-digit. Higher rates of interest are available for NFTs that are rarer than others.
A great benefit offered to Knight NFT holders that incentivizes longer holding is that the longer holders’ stake in the vaults, the more preferential treats they will in the lending pool in the future. NFT collateralization is a great way to reward loyalty. The unlucky shouldn’t fret, because Trava offers a unique ‘Trade-up’ mechanism, which allows users to upgrade their NFT rarity by owning multiple items of the same rarity, as well as providing users with a ‘Buyback’ mechanism to have more options to sell their NFTs.
Below are some dates you need to keep an eye on!
Dec 13th — Initiative Campaign for $TRAVA holders to get free Trava Armoury Chests: top 100 $TRAVA holders recorded from Dec 13th will be given free Trava Armoury Chests.
Dec 20th — 21st — Flash sales for Armoury Chests: Our Armoury Chests will be sold at a discounted price every 2 hours in 2 days.
Dec 22rd — Official Launch of Trava NFT Marketplace and Farming Program with at least 3-digit APY: Enabling to list and sell Knight NFTs, buying Armoury Chests and offering vaults with great yield.
You can keep the project alive by visiting Trava.Finance and following the team there. TwitterMedium, Telegram.
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