An NFT yield pool is a mechanism where holders of non-fungible tokens (NFTs) can earn rewards or yield by contributing their NFTs to a shared pool. Users deposit their NFTs into the pool and, in return, receive a token representing their share of the pool. These yield pools often generate returns through various activities, such as lending the NFTs, participating in liquidity pools, or even selling access to the NFTs for exclusive experiences. The earnings from these activities are then distributed to NFT holders based on their share in the pool. The main benefit of NFT yield pools is that they allow NFT owners to monetize their assets without selling them. Instead of letting NFTs sit idly, owners can actively put them to work and earn passive income. However, engaging in yield pools also carries risks, such as smart contract vulnerabilities or fluctuating NFT values. As with any investment, potential participants should carefully consider these risks before joining a yield pool.
Avalanche Treasury Co. to Go Public in $675M Deal With Mountain Lake Acquisition
Avalanche Treasury Co. (AVAT), a digital asset treasury company aligned with the Avalanche Foundation, said Wednesday it has agreed to