Description
DAOLama operated a lending/liquidity platform where users could connect a wallet to supply liquidity to pools and borrow against NFTs, with GRAM as the underlying asset. Loans were backed by NFTs, which could be repaid either through the app or manually via direct transfer to the loan smart contract. The platform served crypto users holding NFTs and liquidity providers seeking yield. As of the current announcement, DAOLama is shutting down operations, assuring users that all funds are safe, and providing tools to withdraw liquidity (burning LP tokens to return GRAM) or manually buy back NFTs used as loan collateral.