Floor Protocol, the pioneer behind BT404, the world’s first NFT index that allows users to earn yield on NFTs has announced the launch of its V2 beta. Users can access their V1 assets through the platform at v1.fp.
The V2 beta introduces several exciting features and improvements. Users will be able to their V1 assets via a user-friendly interface. This upgrade aims to enhance the user experience and provide a seamless transition for existing users.
Floor Protocol operates as an NFT-Fi liquidity built on the FLOOR token. It leverages daily sweeps of NFT collection floors to yield by deploying these assets in DeFi protocols. The generated yield is then reinvest in Floor Wars, a competition where participants aim to achieve larger weekly sweeps.
The protocol follows a decentralized autonomous organization (DAO) model aims to create a continuous sweeping mechanism supported by NFT-Fi strategies and protocol-owned products. With this approach, FLOOR holders gain governance power through Sweep Power, enabling them to decide which NFT collections receive and sweeping.
With the release of V2 beta, Floor Protocol further enhances its sweeping and yield-earning capabilities. This not only benefits individual users but also contributes to the overall growth of the NFT ecosystem. Additionally, FLOOR holders now have voting power regarding future protocol developments and areas of interest.
This significant milestone Floor Protocol’s commitment to innovation within decentralized projects associated with NFTs and DeFi realms. The release of V beta establishes a solid foundation for further progress and success in this concept.
Tags: DeFi, NFT
