What Is MetaStreet?
MetaStreet is a liquidity scaling protocol with a focus on NFT credit markets. The primary product of MetaStreet is a capital vault that facilitates secondary market liquidity for NFT-backed notes.
Background
David Choi, Ivan Sergeev, and Conor Moore founded MetaStreet in 2021.
How It Works
MetaStreet aims to scale digital asset market growth through high-yield opportunities. Its main goals are to improve the shortcomings of existing lending protocols, namely the dependency on a centralized price oracle, the use of a fixed interest rate model, and the lack of permissionless functionality.
The functionality of MetaStreet is enabled through its v2: The Automatic Tranche Maker (ATM), a permissionless lending protocol that organizes capital based on depositors’ risk and return profiles. Further, it uses the Liquid Credit Token (LCT), a tradable, composable ERC-20 token representing each lender’s position within a pool. This system allows for long-duration loans, support of floor prices, and maximization of yield.
Key Takeaways
- MetaStreet is a liquidity scaling protocol focused on NFT credit markets, with its primary product being a capital vault that facilitates secondary market liquidity for NFT-backed notes.
- The platform was founded in 2021 by David Choi, Ivan Sergeev, and Conor Moore.
- MetaStreet aims to scale digital asset market growth through high-yield opportunities and addresses the shortcomings of existing lending protocols.
- Its functionality is enabled through its v2: The Automatic Tranche Maker (ATM), a permissionless lending protocol that organizes capital based on depositors’ risk and return profiles.
- It uses the Liquid Credit Token (LCT). This tradable, composable ERC-20 token represents each lender’s position within a pool, allowing for long-duration loans, support of floor prices, and yield maximization.
