Permian Labs

About Permian Labs

Permian Labs is developing the MetaStreet protocol to facilitate object-oriented financing for digital assets, enabling efficient asset-backed lending and investment. This technology addresses the lack of structured financial solutions for diverse digital asset classes, enhancing liquidity and accessibility for users.

```xml <problem> Owners of digital assets like GPUs, nodes, and NFTs often struggle to unlock the full value of these assets due to limited liquidity and a lack of structured financial products tailored to their unique characteristics. This illiquidity prevents efficient asset-backed lending and investment, hindering broader participation in the DeFi ecosystem. </problem> <solution> MetaStreet provides a suite of DeFi products that facilitate object-oriented financing for diverse digital assets, enhancing liquidity and accessibility. Their Yield Pass product transforms node yields or NFT airdrops into tradable tokens, allowing owners to realize immediate value from previously idle assets. The platform supports lending and borrowing against these tokenized yields across multiple blockchain networks. By creating liquid markets for previously illiquid digital assets, MetaStreet aims to unlock new opportunities for both asset owners and investors in the DeFi space. </solution> <features> - Yield Pass: Tokenizes node yields and NFT airdrops into tradable ERC-20 tokens. - Multi-chain support: Operates on Ethereum, Arbitrum, Base, Plume and Blast networks. - Lending and borrowing markets: Enables users to lend and borrow against tokenized yields. - Integration with existing DeFi protocols: Allows for seamless integration with other DeFi platforms. - Governance mechanisms: Community governance for protocol upgrades and parameter adjustments. </features> <target_audience> The primary target audience includes node operators, NFT holders, DePIN participants, and other digital asset owners seeking to unlock liquidity and generate yield from their holdings, as well as DeFi investors looking for novel investment opportunities in previously illiquid asset classes. </target_audience> ```

What does Permian Labs do?

Permian Labs is developing the MetaStreet protocol to facilitate object-oriented financing for digital assets, enabling efficient asset-backed lending and investment. This technology addresses the lack of structured financial solutions for diverse digital asset classes, enhancing liquidity and accessibility for users.

When was Permian Labs founded?

Permian Labs was founded in 2021.

How much funding has Permian Labs raised?

Permian Labs has raised $10.0M.

Founded
2021
Funding
$10.0M
Employees
16 employees

Permian Labs

8
Relative Traction Score based on online presence metrics compared to companies in the same age group.

Executive Summary

Permian Labs is developing the MetaStreet protocol to facilitate object-oriented financing for digital assets, enabling efficient asset-backed lending and investment. This technology addresses the lack of structured financial solutions for diverse digital asset classes, enhancing liquidity and accessibility for users.

permianlabs.xyz500+
Founded 2021

Funding

No specific funding rounds found.

Total Funding

$10.0M

Team (15+)

No team information available.

Company Description

Problem

Owners of digital assets like GPUs, nodes, and NFTs often struggle to unlock the full value of these assets due to limited liquidity and a lack of structured financial products tailored to their unique characteristics. This illiquidity prevents efficient asset-backed lending and investment, hindering broader participation in the DeFi ecosystem.

Solution

MetaStreet provides a suite of DeFi products that facilitate object-oriented financing for diverse digital assets, enhancing liquidity and accessibility. Their Yield Pass product transforms node yields or NFT airdrops into tradable tokens, allowing owners to realize immediate value from previously idle assets. The platform supports lending and borrowing against these tokenized yields across multiple blockchain networks. By creating liquid markets for previously illiquid digital assets, MetaStreet aims to unlock new opportunities for both asset owners and investors in the DeFi space.

Features

Yield Pass: Tokenizes node yields and NFT airdrops into tradable ERC-20 tokens.

Multi-chain support: Operates on Ethereum, Arbitrum, Base, Plume and Blast networks.

Lending and borrowing markets: Enables users to lend and borrow against tokenized yields.

Integration with existing DeFi protocols: Allows for seamless integration with other DeFi platforms.

Governance mechanisms: Community governance for protocol upgrades and parameter adjustments.

Target Audience

The primary target audience includes node operators, NFT holders, DePIN participants, and other digital asset owners seeking to unlock liquidity and generate yield from their holdings, as well as DeFi investors looking for novel investment opportunities in previously illiquid asset classes.

Sources:

1
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