{"id":3385,"date":"2023-02-04T15:00:07","date_gmt":"2023-02-04T15:00:07","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/02\/04\/borrow-with-axies-assets-on-metalend-play-to-earn\/"},"modified":"2023-02-04T15:00:07","modified_gmt":"2023-02-04T15:00:07","slug":"borrow-with-axies-assets-on-metalend-play-to-earn","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/02\/04\/borrow-with-axies-assets-on-metalend-play-to-earn\/","title":{"rendered":"Borrow with Axies Assets on MetaLend &#8211; Play to Earn"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>MetaLend, a loan system that accepts NFTs as collateral, announced a launch on the Ronin network, allowing players to easily borrow ETH against their Axies assets.<\/strong><\/p>\n<p>Launched in 2022, <a href=\"https:\/\/metalend.tech\/\" target=\"_blank\" rel=\"noopener\">MetaLend<\/a> already built a similar system for Axie assets on Polygon. Now they deploy to the Ronin network as an \u2018official lending partner for Axie Infinity\u2019. This migration should make the service more accessible and seamless for those who need some liquidity but don\u2019t want to sell their Axie assets.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-2.jpg\" data-slb-active=\"1\" data-slb-asset=\"249984635\" data-slb-internal=\"0\" data-slb-group=\"34858\" target=\"_blank\" rel=\"noopener\"><picture><source sizes=\"(max-width: 757px) 100vw, 757px\" type=\"image\/webp\" data-srcset=\"https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-2.jpg.webp 1009w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-2-300x166.jpg.webp 300w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-2-768x425.jpg.webp 768w\"><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-2.jpg\" alt=\"\" class=\"wp-image-34880\" width=\"757\" height=\"419\" srcset=\"https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-2.jpg 1009w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-2-300x166.jpg 300w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-2-768x425.jpg 768w\" sizes=\"(max-width: 757px) 100vw, 757px\" data-eio=\"l\"\/><\/noscript><\/source><\/picture><\/a><\/figure>\n<\/div>\n<h2>How to use MetaLend<\/h2>\n<p>The process is pretty basic. Transfer assets in, and then take out a loan in the form of ETH. The MetaLend system assigns a value to each asset, and users can take out some or all of the maximum loan value. The site even includes a value estimation tool for players to see how much their Axie assets would be worth in regards to a loan.<\/p>\n<p>Unfortunately, MetaLend is apparently country restricted. I\u2019m not sure which countries are blocked, but as a U.S. resident, I was barred from the service. Which is too bad because this is definitely an interesting service, and places where you can get loans on NFTs are still very limited. You can check MetaLend out yourself at <a href=\"https:\/\/metalend.tech\/\" target=\"_blank\" rel=\"noopener\">https:\/\/metalend.tech\/<\/a><\/p>\n<p>MetaLend plans to also make options for borrowing against staked AXS and RON tokens in the future. In addition, they hope to implement their system so that players can even still use and play with their assets while they are being used as collateral!<\/p>\n<p>Now, of course, this is not a completely free service. Be sure that you read and understand the terms and conditions of MetaLend. Especially including any information about how much the loan repayment will cost and any and all due dates that might be involved. <\/p>\n<p>To learn more about MetaLend, follow them on <a href=\"https:\/\/twitter.com\/MetaLend_DeFi\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> and join their <a href=\"https:\/\/discord.gg\/XZamFvThnQ\" target=\"_blank\" rel=\"noopener\">Discord<\/a>.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1.png\" data-slb-active=\"1\" data-slb-asset=\"842570689\" data-slb-internal=\"0\" data-slb-group=\"34858\" target=\"_blank\" rel=\"noopener\"><picture><source sizes=\"(max-width: 768px) 100vw, 768px\" type=\"image\/webp\" data-srcset=\"https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1-1024x383.png.webp 1024w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1-300x112.png.webp 300w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1-768x287.png.webp 768w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1-1536x574.png.webp 1536w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1.png.webp 1682w\"><img loading=\"lazy\" decoding=\"async\" alt=\"MetaLend in action on Ronin network\" class=\"wp-image-34874 lazyload\" width=\"768\" height=\"287\" data-eio=\"p\" src=\"https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1-1024x383.png\" srcset=\"https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1-1024x383.png 1024w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1-300x112.png 300w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1-768x287.png 768w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1-1536x574.png 1536w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1.png 1682w\" data-sizes=\"auto\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1-1024x383.png\" alt=\"MetaLend in action on Ronin network\" class=\"wp-image-34874\" width=\"768\" height=\"287\" srcset=\"https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1-1024x383.png 1024w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1-300x112.png 300w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1-768x287.png 768w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1-1536x574.png 1536w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1.png 1682w\" sizes=\"(max-width: 768px) 100vw, 768px\" data-eio=\"l\"\/><\/noscript><\/source><\/picture><\/a><figcaption class=\"wp-element-caption\"><em>MetaLend in action on Ronin network<\/em><\/figcaption><\/figure>\n<\/div>\n<h2 id=\"what-is-axie-infinity\">What is Axie Infinity?<\/h2>\n<p>Axie Infinity began as a creature battling and breeding game but has expanded into a larger world. Their original game underwent a major overhaul and is now known as Axie Origins. They also have a land-based game called Homelands currently in alpha testing. Axie Infinity is the name for the larger ecosystem.<\/p>\n<p>Originally on the Ethereum network, Axie Infinity moved to the Ronin sidechain in 2021, and launched a\u00a0<a href=\"https:\/\/www.playtoearn.online\/2021\/09\/30\/axie-infinity-allows-users-to-stake-axs-on-ronin\/\" target=\"_blank\" rel=\"noopener\">staking system for their AXS governance token<\/a>. <\/p>\n<p>In Axie Origins players use a team of three Axie NFTs to battle opponents in Adventure mode (PvE) and the Arena (PvP). Rewards from the Arena include\u00a0<a href=\"https:\/\/www.playtoearn.online\/tag\/slp-token\/\" target=\"_blank\" rel=\"noopener\">Smooth Love Potions (SLP)<\/a>\u00a0and AXS, the governance token for Axie Infinity. Players use SLP to breed new Axies. Parent Axies can only produce offspring a limited number of times. Also, players can attach Runes and Charms found in PvE mode to provide boosts to Axies. Origins runs in seasons with special rewards at the end of each.<\/p>\n<p>Homelands is a farming and crafting game centered around land plots where players assign their Axies to various tasks. Eventually, these two games will interact in some meaningful way.<\/p>\n<p>To learn more, check out our\u00a0<a href=\"https:\/\/www.playtoearn.online\/games\/axie-infinity\/\" target=\"_blank\" rel=\"noopener\">Axie Infinity guide and review<\/a>.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-1.jpg\" data-slb-active=\"1\" data-slb-asset=\"644878009\" data-slb-internal=\"0\" data-slb-group=\"34858\" target=\"_blank\" rel=\"noopener\"><picture><source sizes=\"(max-width: 768px) 100vw, 768px\" type=\"image\/webp\" data-srcset=\"https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-1-1024x506.jpg.webp 1024w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-1-300x148.jpg.webp 300w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-1-768x379.jpg.webp 768w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-1.jpg.webp 1522w\"><img loading=\"lazy\" decoding=\"async\" alt=\"Axie gameplay\" class=\"wp-image-34876 lazyload\" width=\"768\" height=\"380\" data-eio=\"p\" src=\"https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-1-1024x506.jpg\" srcset=\"https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-1-1024x506.jpg 1024w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-1-300x148.jpg 300w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-1-768x379.jpg 768w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-1.jpg 1522w\" data-sizes=\"auto\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-1-1024x506.jpg\" alt=\"Axie gameplay\" class=\"wp-image-34876\" width=\"768\" height=\"380\" srcset=\"https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-1-1024x506.jpg 1024w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-1-300x148.jpg 300w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-1-768x379.jpg 768w, https:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-2-1.jpg 1522w\" sizes=\"(max-width: 768px) 100vw, 768px\" data-eio=\"l\"\/><\/noscript><\/source><\/picture><\/a><figcaption class=\"wp-element-caption\"><em>Axie gameplay<\/em><\/figcaption><\/figure>\n<\/div>\n<footer class=\"post-author-box-wrap\" style=\"margin-bottom:30px;\">\n&#13;<\/p>\n<div class=\"bitfo-author-boxes\">\n<p>  <!-- Author Box --><\/p>\n<div class=\"bitfo-single-author bitfo-card\">\n<p>&#13;<br \/>\n      Phil Hall has been a gaming enthusiast since birth and a crypto enthusiast since 2017. He enjoys new discoveries and sharing those with others via blogging and photography. You can follow him on Twitter or read his other articles on Medium.    <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p>&#13;<br \/>\n<\/footer>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/www.playtoearn.online\/2023\/02\/04\/borrow-with-axies-assets-on-metalend\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MetaLend, a loan system that accepts NFTs as collateral, announced a launch on the Ronin network, allowing players to easily borrow ETH against their Axies assets. Launched in 2022, MetaLend already built a similar system for Axie assets on Polygon. Now they deploy to the Ronin network as an \u2018official lending partner for Axie Infinity\u2019. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[16],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"http:\/\/www.playtoearn.online\/wp-content\/uploads\/2023\/02\/image-1-3.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/3385"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=3385"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/3385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/3386"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=3385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=3385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=3385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}