DeFi Integration

Scenario: A DeFi platform wishes to accept NFTs as collateral for lending, or enable NFTs to participate in yield farming.

Use Case with ApePorter: ERC-6551 allows NFTs to hold and transact with other assets, meaning they can be used in complex financial operations. With ApePorter, these NFTs can interact with DeFi smart contracts, enabling them to be used as collateral for loans or to earn yield, opening up new financial avenues for NFT holders.