According to Foresight News, MetaStreet, a liquidity and scaling solution for NFT collateral, has introduced an LCT-based NFT lending service targeting Pudgy Penguins. LCT, a tradable NFT yield token, allows users to deposit any amount of WETH to mint MWETH-PPG LCT for Pudgy Penguins, which can be used with other DeFi combinations. Additionally, lenders can transfer their Pudgy LCT to Blast via LayerZero, becoming LCT liquidity providers to earn more rewards.
MetaStreet Launches LCT-Based NFT Lending Service for Pudgy Penguins
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