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PaprMeme - Undisclosed
Overview
About PaprMeme - Undisclosed
Four former Coinbase employees have launched an NFT lending platform called PaprMeme with $3 million in funding from Coinbase Ventures. The platform doesn’t offer direct peer-to-peer lending but instead adopts a novel mechanism built around its native token.
Investors
Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
---|---|---|---|---|---|---|
Fund | United States of America | 2018 | 285 | -- |
Company Profile / Project Introduction
paprMEME is an NFT lending protocol powered by Uniswap V3. The platform adopts a novel mechanism built around its native token. Papr is minted by borrowers, who transfer some collateral to a papr controller (a smart contract). Borrowers can then exchange their papr for other assets using a decentralized exchange (e.g. Uniswap).