Avalanche and Salvor have joined forces to create an NFT lending platform using $AVAX, enhancing the token’s utility and liquidity. This partnership is a boon for the Avalanche network, providing users with sophisticated financial services.

Salvor has been selected for the Avalanche Rush Program, backed by a $1 million AVAX grant from the Avalanche Foundation, highlighting its involvement in the decentralized economy. By allowing NFTs and meme coins as collateral for AVAX loans, the Avalanche Network streamlines transactions and reduces costs.

Through its Peer-to-peer (P2P) lending protocol on Avalanche C-Chain, Salvor has entered the Avalanche Rush Program, offering users the opportunity to secure a crypto loan in AVAX by staking their digital assets.

This initiative permits users to earn through loans and trading, enhancing the functionality of the Avalanche network. The platform now supports over 800 NFT projects, including reputable brands like Dokyo and MadSkullz, with features such as multi-action execution and lower interest rates for early loan repayments.

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