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Blockchain
Transferring NFTs between Palm wallets is a 2 part process. Please follow these instructions carefully, ensuring you have the correct addresses and sufficient PALM Tokens in your wallet to complete any transactions on PALM.
Part 1: Add Your HENI NFTs to Your MetaMask Wallet
To add an NFT to MetaMask, follow these steps:
Note: Below are the HENI NFT contract addresses on PALM:
Part 2: Transfer Your NFT to Another Wallet on PALM
Once your NFTs are imported, you can now transfer them from one wallet to another on PALM. Follow these steps to complete the transfer:
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The Palm blockchain is a new, EVM compatible, token-powered ecosystem for NFTs, which is connected to Ethereum, and features low gas costs, fast transaction finality, and 99% more energy efficiency than proof of work systems such as Bitcoin and Ethereum.
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Lending Protocols are a genre of decentralized apps that are built around the concept of building a decentralized debt marketplace. A lending protocol is composed by: Suppliers/Lenders: The people who back loans within the debt marketplace in some capacity. Borrowers: These are the people who take on the debt and enable suppliers to earn a return on their funds.
In order to get a loan, the borrowers must deposit enough credit, more than the amount borrowed, with the lending protocol setting a collateralization ratio that borrows must be maintained, If the asset you deposited lose enough value to then be less than the amount borrowed, the deposited asset will be liquidated and used to pay the loan back with an additional penalty fee. In order to do this and track different assets prices, the smart contract of the lending protocol must have a source of data that tells them the price of every asset that can be supplied and borrowed, that task is performed by an oracle! So in theory The Currency Index may be used in a similar way to lend or borrow The Currency.
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Decentralized finance (DeFi) offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks. Instead, it uses smart contracts on a blockchain. DeFi platforms allow people to lend or borrow funds from others, speculate on price movements on assets using derivatives, trade cryptocurrencies, insure against risks, and earn interest in savings-like accounts (Yield-Farming/Staking). DeFi uses a layered architecture and highly composable building blocks. Some applications promote high-interest rates but are subject to high risk.
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A blockchain is a type of distributed ledger technology. It is described as an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.
In simple terms, transactions are organized into a series of blocks that are linked together and cannot be changed, which is the blockchain. A new block is created once verified. It means that a new pool of encrypted transactions have been added to the blockchain.
Palm is a type of blockchain known as a sidechain. This is because it can connect to and interact with the Ethereum blockchain. It is possible to move assets between Ethereum and Palm.
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Yes. All HENI NFTs are minted on the Palm blockchain, which is a new NFT ecosystem that has a two-way bridge to Ethereum.
HENI NFTs adhere to the ERC 721 standard on Palm (which is EVM compatible) and you will be able to move your NFT from Palm to Ethereum, and back, using the ERC 721 NFT bridge and trade it in the usual places.
You can find the bridge here
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