Ground Protocol, the pioneer behind BT404, the world’s first NFT index that enables customers to earn yield on NFTs, has introduced the launch of its V2 beta. Customers can entry their V1 belongings by means of the platform at v1.fp.io.
The V2 beta is right here ✨
Consumer will have the ability to entry their V1 belongings through https://t.co/eK7nt566DO pic.twitter.com/pGq2UDt8fj
— Ground Protocol (@floorprotocol) June 24, 2024
DAO Mannequin Powers Ground Protocol’s Steady NFT Sweeping
Ground Protocol is an NFT-Fi liquidity layer that’s primarily based on the FLOOR token. It performs every day sweeps of NFT assortment flooring and earns yield by placing these belongings to work in DeFi. The generated yield is then fed again to the Ground Wars, the last word aim being to realize bigger weekly sweeps.
The protocol relies on a DAO mannequin. The DAO goals to create a steady sweeping mechanism backed by NFT-Fi methods and protocol-owned merchandise. The aim of this strategy is to supply substantial governance worth by granting Sweep Energy to FLOOR token holders. This implies FLOOR holders can determine which NFT collections to comb and assist.
New V2 Beta Launch Advances Ground Protocol
Equally, Ground Protocol enhances the sweeping and yield-earning to facilitate the fluidity and capitalization on NFTs. This identical factor additionally advantages the NFT ecosystem and likewise provides FLOOR token the ability to vote on the way forward for the protocol in addition to areas of curiosity.
This marks a very good progress for decentralized tasks equivalent to Ground Protocol and different tasks tied to the realms of NFT and DeFi by means of the discharge of the V2 beta. V2 will encourage the development and success of this distinctive idea.
