Floor Protocol, the innovative company behind BT404, the first NFT index in the world that enables users to earn yield on NFTs, has unveiled the launch of its V2 beta. Users can still access their V1 assets through the platform at v1.fp.io.
The V2 beta is now available ✨
Users can access their V1 assets at https://t.co/eK7nt566DO pic.twitter.com/pGq2UDt8fj
— Floor Protocol (@floorprotocol) June 24, 2024
DAO Model Empowers Floor Protocol’s Ongoing NFT Sweeping
Floor Protocol is an NFT-Fi liquidity layer built around the FLOOR token. It conducts daily sweeps of NFT collection floors and earns yield by leveraging these assets in DeFi. The resulting yield is then channeled back into the Floor Wars, with the ultimate objective of achieving larger weekly sweeps.
The protocol is founded on a DAO model. The DAO is aimed at establishing a continuous sweeping mechanism supported by NFT-Fi strategies and protocol-owned products. The intent of this strategy is to offer substantial governance value by granting Sweep Power to FLOOR token holders. This means FLOOR holders have the ability to determine which NFT collections to sweep and support.
New V2 Beta Rollout Propels Floor Protocol
In the same vein, Floor Protocol improves the sweeping and yield-earning process to facilitate the fluidity and capitalization of NFTs. This development also benefits the NFT ecosystem and empowers the FLOOR token to vote on the future of the protocol and areas of interest.
This represents a significant step forward for decentralized projects like Floor Protocol and other projects linked to the realms of NFT and DeFi through the release of the V2 beta. V2 will drive the advancement and success of this unique concept.
Tags:
DeFi
NFT