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Ronin Network recently announced the launch of MetaLend on its mainnet. MetaLend is primarily known for helping Axie Infinity users get loans for in-game assets.
Assets include land and axes directly linked to Ronin’s wallet. Additionally, MetaLend develops software that allows users to lend and borrow NFTs. Since launching in 2022, the platform has facilitated loans for more than 2,000 NFTs.
With these developments, the Ronin has stepped up its progress towards its upcoming goal. The network has acquired liquidity using axes, allowing users to stake land as collateral. As the collaboration progresses, users can even play with NFT after their collateral.
In addition, MetaLend will support RON and AXS staking. Ronin even posted an official website post to let users know about the partnership. The newsletter talks about how users can take advantage of the opportunities and future possibilities that are opening up.
However, the network also asks users to do their research on MetaLend before proceeding. As Ronin said, borrowing too much from in-game assets is not a smart choice.
The network has also embedded a demo video to teach how MetaLend works on the Ronin. On the other hand, MetaLend offers a built-in calculator to help users assess their Axie-based NFTS scores.
Ronin also talked about the collaboration in their latest Twitter thread. The tweet explains how Ronin’s move to DPoS and third-party game studios improves decentralization.
As the network aims to continue the approach, joining hands with MetaLend seems like a natural decision. Most users expressed satisfaction with the move and expressed joy for Twitter.
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