project screenshot
project screenshot
project screenshot

Lending and Borrowing protocol for NFTs

A protocol that let NFT Holders access instant liquidity without selling their assets

Lending and Borrowing protocol for NFTs

Created At

ETHAmsterdam

Project Description

This project combines two novel mechanisms. The first one is a reliable liquidation of non-fungible tokens and the second would be a time-weighted average pricing model with low capital efficiency to de-risk the lender. It is a way to let holders of a specific collection get instant liquidity, and we could bootstrap the treasury liquidity to let them get loans putting their NFTs as collateral.

How it's Made

We are building on polygon and using chain link oracles for pricing. Using alchemy and remix. Front-end using html-css-javascript. We think polygon would be great cause of its low fees and the NFT marketplaces it works with like open-sea. It's important to mention that this is not going to be completely permissionless and will be curated at first

background image mobile

Join the mailinglist

Get the latest news and updates