Degenerate Ape Academy Floor Index (DAPE)

The Degenerate Ape Academy Floor Index (DAPE) is a coin that aims to provide on-chain liquidity for emerging asset classes represented by non-fungible tokens (NFTs). It operates as a loan marketplace and exchange, allowing users to invest in nascent asset classes with the added security of decentralized finance features. In the event of default, users can keep the asset, sell it on on-chain exchanges, or liquidate it through on-chain liquidation funds. With configurable durations and loan-to-values, users can offer loans to specific borrowers and generate differentiated returns in diverse credit markets detached from crypto market performance.

Bridgesplit, the platform that hosts the Degenerate Ape Academy Floor Index (DAPE), offers a range of functionalities to unlock liquidity and support asset-backed financial products. Originators can utilize the platform to offer loans to their users and access crypto-native liquidity, from hedge funds to NFT traders. With multi-chain support across Solana and EVM-compatible chains, Bridgesplit enables assets and users from various ecosystems to participate. The platform also provides embedded KYC/AML protocols for compliant investor restrictions and transfer controls to ensure assets interact with specified applications, protocols, and participants.

For those looking to discover new opportunities in the evolving landscape of digital and real-world assets, the Degenerate Ape Academy Floor Index (DAPE) and Bridgesplit platform offer a seamless way to access liquidity and become a lender. Whether through investing in emerging asset classes or participating in the loan marketplace, users can leverage the trust-minimization features of decentralized finance and the efficiency of blockchain technology to generate returns and launch innovative financial products.