Introduction
Hey Piggylet Community! Each day at Piggylet brings us one step closer to our vision of democratizing access to secure and transparent lending, driven by the limitless potential of NFTs. Your feedback is invaluable in our quest to democratize NFT-backed lending with the best user experience possible.
Your Feedback, Our Action
We recognized your concern about the confusion caused by NFTs, which have already secured a loan, still appearing on the listed page. To address this, we’ve redesigned the user experience. Now, only NFTs did not take a loan will be visible on the listed page. NFTs with existing loans can still be tracked on the “Loans Borrowed” page. This modification was made based on your feedback!
My Wallet Listed Tab
Loans Borrowed Page
Addressing More Feedback
In our quest for continual improvement, we’ve noted your feedback and are working to address them:
Token Claim Increase: We acknowledge the challenge in lending to Gem class NFTs due to the current limit on token claims (1,000 test tokens at a time, while Gem NFT loan amounts can be as high as 18,000). We’re working to revise this limit.
Token Claims
UI Sizing: We’re aware that the current UI size may cause issues for users with non-standard screen resolutions. Our team is working to add necessary sliders to ensure every button is trackable and interactable, regardless of screen size.
UI Sizing
Pre-transaction Error Messages: To provide a more intuitive experience, we’re adding error messages that will be displayed before initiating MetaMask transactions. These will provide users with insights into why a transaction may not go through, such as exceeding the maximum loan amount.
Transaction Errors
What’s on the Horizon?
Liquidation Mechanism & Marketplace: These additions will inject more liquidity into the platform and ensure a safer borrowing-lending experience for all users. We’re in the process of updating the Testnet with this mechanism and marketplace.
Enhanced Notifications: We believe that user awareness is key to a successful borrowing-lending process. Therefore, we’re working to introduce more notifications to keep users informed at every step.
Thank you for your continued support and for being a part of our journey. Stay tuned for more updates and improvements.
The Piggylet Team