P2P Lending / NFT Lending Forum

Is there any reason that nobody has turned phone numbers into NFTs?

You wouldn't have to tokenize all phone numbers and tokenization wouldn't have to be permanent. Owners could on- or off-ramp their asset with the chain at their own desire. Such a feature is already being rolled out with domain names on 3DNS. There is a precedent for it. I wrote a bit about tokenizing phone numbers here and why it's not such a crazy idea.

https://decashed.eth.loan/2023/09/its-time-to-tokenize-phone-numbers/

Andrew | Teller — Today at 8:38 AM
GM @everyone new tokens added as collateral and can now be used for Teller V2 loans.

$BVM, $BMX and $AERO tokens are now available on Teller-Base with over $200K in liquidity! https://app.teller.org/base/borrow/ 🤘

$gOHM  token collateral available for loans on Teller-ETH with over $500K in liquidity! https://app.teller.org/ethereum/

Liquidity available for top ENS categories and other NFT collections like Apes, Art blocks, Mildays and more! 🔥

Got other assets that are missing from Teller V2? Gas less list them and check back to see the loan offers! https://app.teller.org/ethereum/borrow

Want more Teller points? active boost on swapping! Swap any token directly on Teller and earn Teller points! more details on the swap page https://app.teller.org/ethereum/swap 😎

You can follow https://twitter.com/TellerBot for notifications on all ERC-20 token loans and https://twitter.com/TellerBotENS for notification on all ENS loans! 🫡

Thank you all for the support!

I'm not really seeing a market develop for lending against .eth domains. There's a little bit of activity against the numbered domains but not seeing much else. Thoughts on whether there is a viable future here? Is it just early days? What other digital assets other than art is around to think about ?

I thought it was going to go live on September 20th but it looks like there is some delay. Their last post was 3 days ago. Maybe we'll find out more tomorrow?

So whatever happened with all this? I haven't been following

In case anyone hasn't followed along, 3dns announced that the beta site is live but that domains will not work as ENS names right away. It "roll out in a week or two."

They also hinted at the ability to fractionalize domains, which they referred to as co-owning community domains.

Quote from: sean3.eth on September 19, 2023, 09:01:19 PMBut I can see myself also selling a regular old domain name too because there's a more established usecase for them than trying to sell the world on why they need to buy a .eth. So it's possible I'd be okay with trying to liquidate the domain names.

I predict that you will be doing this 99% of the time. 😂

Yeah I guess you're right. In my defense I will say that my theory for lending against regular domain names was centered around ones with websites already built that are already being used by companies in the normal course of their business. But I can see myself also selling a regular old domain name too because there's a more established usecase for them than trying to sell the world on why they need to buy a .eth. So it's possible I'd be okay with trying to liquidate the domain names. I guess we'll find out when domain names are on chain finally.

Quote from: sean3.eth on September 19, 2023, 08:35:57 PMThey're the kind of people that would say "well if YOU do the work, then YOU could make a million dollars and therefore, YOU should buy this name from ME for $100,000."

Is this a real post? You just summed up traditional domain name investors in a single line. lol. It's a common trait for domain name investors to just want to buy and sell domain names. Nothing wrong with it. Stock traders do the same thing. Don't care about the companies as long as there's a spread to be made on stocks. A dot com investor will do the exact same thing, default on a loan against it if their threshold for how much they hope to make it on it is reached. So here's your dilemma as the lender then, if they default are YOU going to turn that domain into a website? It sounds like a lot of work to have to deal with building a brand new revenue producing e-commerce website every time you have to foreclose on a domain.

Maybe this is another discussion altogether but .eth name speculators are not builders. If you tell them they can make money by selling the names, they will buy them and try to sell them. If you tell them that if they work hard they can use the utility features of names to make money, they won't do it, doesn't matter how much money. It could be a million dollars and they won't do it. It's not their style. This isn't a criticism, just an observation. They'd rather say "well if YOU do the work, then YOU could make a million dollars and therefore, YOU should buy this name from ME for $100,000."

They view the hustle of trying to convince other people to buy stuff for more than they paid for it as a business itself. Again, just an observation.

Enter the "borrower" in most .eth loan transactions. The borrower understands .eth names to be things they can sell to other people to get money. The most popular type of .eth loan on Teller, for example, is 3-digit and 4-digit .eth names, not because they have more utility or because they're being used in a club or for identity, but because there is a wide perception that they can fetch more money. A typical borrower is borrowing against a numeric name because they want to use the funds to buy another numeric name. The end game being that they repay the loan and then have TWO numeric names to try and sell. That's the hustle, a financial investment, not for use.

Hence if you are a lender looking to make .eth loans for the purpose of earning interest instead of foreclosing on collateral, then the borrower for the most part has to be:

1. An operational revenue generating e-commerce business that would be putting up their brand name as collateral

2. Someone generating revenue with the name itself (though decentralized websites and so forth)

I'm sure there's plenty of other viable examples, but I think it helps me to kind of hash this all out.

.eth speculators don't want loans. They want to sell their inventory for money and nothing more.