According to official news, the NFT trading platform Blur has launched Blend, a peer-to-peer perpetual lending protocol that uses NFTs as collateral. Blend has launched three collectibles series, namely Punks, Azukis and Miladys, and more series will be launched in the future. NFT holders can borrow ETH using their NFTs as collateral without selling NFTs. Blend has no oracle dependency and no expiration date, allowing borrowing positions to remain open indefinitely until liquidation, with interest rates determined by the market. Blend does not charge any fees to borrowers and lenders. Like the Blur market, Blend's fees are controlled by BluR holders
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NFT trading platform Blur has launched the perpetual loan protocol Blend