What is Zumer?

Zumer Protocol is a non-custodial liquidity protocol with a novel credit and liquidity risk management mechanism to allow permissionless loan origination for NFT assets by segregating different risks to different liquidity providers.

Lenders supply liquidity in either the lending pool or provisioning pool for each NFT collection to earn yields.

Borrowers are able to Buy Now Pay Later from NFT marketplaces such as LooksRare and OpenSea, or directly use the supported NFTs in their wallet as collateral to borrow from the pool.

How is Zumer different from other NFT lending protocols?

The main feature that sets Zumer apart from other on-chain NFT lending protocols is managing risks by separating lender liquidity into the lending pool and provisioning pool, ensuring much better protection for the lenders against loan defaults.

Additionally, liquidity providers are able to trade their deposit positions as NFTs, opening up possibilities for trading derivatives in a secondary market.

What does Zumer mean?

Sumer is considered to be the first urban civilization that invented consumer loans and the credit system. Zumer is the Metaverse version of Sumer (Z is the mirror image of S), redefining, buidling and governing the financial system for the Metaverse assets.

Zumer pronounces like "Zoomer", meaning the new era of financial innovation would be ruled by the new generation, aka Zoomers.

How can I get whitelisted?

Whitelisting to join the ALPHA test is now done. BETA test for the public will start on 26th Sept 2022.

Interested parties could learn more about the whitelisting process through our Discord.

When is the launch?

The BETA launch on the Testnet will start on 26th Sept 2022 with full functions.

Only whitelisted individuals would be able to access to the BETA testing.

Who is building the Zumer Protocol?

Zumer is powered by Sumeria Labs, a team from MIT, Harvard and Cornell with a good mix of TradFi, DeFi, Art and NFT investment experience from companies and projects like JP Morgan, Barclays,

Goldman Sachs, Abra, Aave, etc. Sumeria Labs aims to re-define the way that Metaverse natives manage their NFT assets.

Which chain is Zumer built on?

Zumer will be live on Ethereum first. Polygon is the next chain to build on. Zumer could be deployed to all EVM compatible chains.

The project team will explore other L2 solutions to lower the transaction cost for borrowers.

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