Lol peak insanity for sure! Making loans against a hashing on a chain against a Joeg makes no sense to me! How is it even repriced over time? What if the NFT is repriced downward how do you post additional collateral?
How does the NFT generate an income for the the holder that they would want to provide you with liquidity to hold it?
RE: NFT loans will be huge, imagine paying your mortgage with a jpeg file ...