A vision: Why Haven't Moons Been Integrated for Reddit NFT Marketplace Yet? ????

Imagine a dynamic NFT marketplace on Reddit that takes moons and avatars to a whole new level, not just as the primary currency or for burning trading fees.

Here's how it could work:

1. Users could borrow moons against their Reddit avatars and use them as collateral to rent other avatars, without the need to purchase the NFTs.

2. Avatar lenders deposit their NFTs into a contract, earning moons based on avatar rental fees. They can also borrow moons, with interest based on available moon supply.

3. Moon lenders deposit their moons into a contract, earning moons from borrowing users. This allows them to rent avatars, paying a fee for access to the NFT's cosmetic items for a specific period. Users only pay for the avatar parts they wear, inspiring creativity with mix-and-match options.

4. Liquidation is seamless through an auction system with bidding. Overborrowed users get time to repay the loan or add collateral before the highest bidding offer is accepted. Fraudulent bidding is prevented by requiring enough collateral to cover all open bids.

To add stability and versatility, USDC, WETH, and WBTC could be introduced to the lending market, offering users more choices.

An innovative way to revolutionize the Reddit NFT marketplace into a thriving ecosystem! ????

TL;DR: this system enables users to earn moons by lending their moons/avatars, and part of the commission fees is burned whenever someone buys or rents an NFT.

Now, let me know what you fellow ????ers think of this visionary approach! Share your thoughts and ideas! ????????

Edit: to the person who gave me my first award, a heartfelt thank you ❤️