ASTARIA IS A NOVEL NFT-BACKED LENDING PROTOCOL

Summary from the TLDR Crypto newsletter

Astaria, a new NFT-backed lending protocol, prioritizes borrowers by providing immediate liquidity, fixed terms, and eliminating forced liquidations. The platform employs a unique three-actor model (borrower, liquidity provider, and strategist) for NFT-backed lending. Users can borrow from various supported collections, including Moonbirds, Bored Apes, and others. To incentivize participation, liquidity providers depositing 1 ETH into the designated pool will receive an $LSD token that can be redeemed for a piece of physical blotter paper in July.