Blur Launches Incremental Repayments for $ETH Loans
May 25,2023,06:31
NFT marketplace Blur has announced a new feature on Twitter that allows users to borrow $ETH and repay the loan in small increments over a period of time, rather than all at once.
This applies to both NFTs purchased using "buy now, pay later" (BNPL) and NFTs borrowed directly. If the loan gets recalled, users can extend the loan term by paying down as low as 0.1 $ETH, instead of immediately repaying the full amount. This can also be used to refinance the loan for better interest rates.
