ChainMyth x IQ Protocol

About IQ Protocol

IQ Protocol is a decentralised money market for digital asset renting and on-chain subscriptions. The next money lego that allows users to rent wrapped expirable versions of digital assets without collateral for their utility, while allowing holders to earn by providing liquidity without risk.

ChainMyth is integrating with IQ protocol powered by PARSIQ. A collateral-less renting system.

How it Works?

1. Deposit NFT into IQ Protocol Smart Contract
2. As a Renter, pay rental fee with $MYTH or stablecoins
3. Original NFT(Underlying Asset) is locked for X amount of days specified by the lender
4. A wrapped expirable version of the NFT is generated by IQ SDK
5. Game accepts the wrapped version through IQ protocol’s API.

Collateral-less renting will guarantee that your underlying asset is secure, generating passive interest overtime and also encourage more players to use this feature for borrowing.

All in-game tokenised assets such as characters, weapons, skins can be rented out!