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Relite Finance, a cross-chain lending protocol, has prolonged the submission period for their recently announced NFT Contest. NFT artists and graphic designers looking to contribute with their creative works are welcome to join the participants’ list until 21st August 2021 to be in with a chance to win a $5k prize.

The registration form requires some general information on the author, several examples of their latest works, and a small insight on their vision for the future Relite NFTs. The design of the non-fungible tokens has to reflect their main concept – a key, which is granting the holder access to superpowers in the Relite ecosystem, including additional APY and other significant bonuses.

Once the first stage is completed, the applications will be reviewed and evaluated by the Relite team. Then, those added to the shortlist will have one more week to provide their works that will compete to be featured as Relite Finance Utility NFT’s – the keys unlocking access to the platform’s superpowers. The winning design would become the official appearance for the series and award its creator the $5k main prize.

The nearly released utility NFTs are set to become one of the early developments for Relite’s massive Q3-Q4 2021 run, which includes the launch of staking & incentives, MVP platform rollout, lending & borrowing support for ETH, DAI, and BNB. More details from the Relite 2021-22 Roadmap are available on their Blog.

“Since its early days, Relite was conceived as a truly user- and community-oriented solution, so we are glad to welcome the creative NFT artists to contribute to the product we are all waiting

for! I want to thank those artists who already joined us along with welcoming those only getting ready to jump onto the train,” – said George Groshkov, CEO of Relite Finance.

About Relite Finance

Relite Finance is a cross-chain DeFi money market protocol that enables users to lend, borrow, and stake all crypto assets in one interface by utilizing Polkadot’s Moonbeam Parachain, bridges, and a unique reserve fund module. Relite plans on creating interoperability with Bitcoin, Ethereum, BSC, and other blockchains. In addition, Relite plans to implement collateralization of NFTs with better fees and usability than other protocols can offer.

This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CryptosOnline.com does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.

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