Themis

Project overview

Themis lets users access NFT collateral, NFT leverage, and GameFi liquidity. Earn DeFi yields that are driven not by trading, but by playing and consumption.

Themis also brings leverage to liquidity providers: Uni v3 tokens, which are NFTs, can be collateralized to borrow stablecoins. The trading fees can potentially self-redeem the entire loan and interest.

Themis scales liquidity provision for market makers, launchpads, and long-term holders. It brings liquidity to an otherwise illiquid metaverse.

Go-to-market strategy

Themis' GTM started with an airdrop event where they were able to gather more than 5000 users on their whitelist. It plans to do an invite only via launchpads to quickly onboard LP locks towards Themis to bootstrap the demand side. As for the supply side (stable coins), they will have an incentive built in to reward early stable coins participants.

Product viability

In the money market format, the main competitors of Themis are COMPOUND and AAVE, where they have the advantage of offering a UNI-V3 lending variety and a new auction format. Themis is more efficient in lending compared to their competitors in the realms of NFT lending, such as NFTfi and Pawn.fi in the same period. Themis was also able to quickly compete with unicrypt and move more than 150M + in Liquidity locks over to our protocol.