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NFTfi
NFTfi is the leading peer-to-peer liquidity protocol for NFTs, allowing holders to borrow cryptocurrency from lenders by using their NFTs as collateral. The platform connects NFT owners and liquidity providers through a permissionless smart contract infrastructure, aiming to provide financial flexibility to the NFT ecosystem.
Distributed
Description
NFTfi is a peer-to-peer, decentralized liquidity protocol that enables NFT owners to borrow cryptocurrency (wETH, DAI, or USDC) by using their digital assets as collateral. Borrowers list their NFTs and desired loan terms, receive offers from lenders, and accept the most suitable one. Upon agreement, the NFT is locked in a secure escrow smart contract, and the loan is disbursed. The platform operates as a non-custodial, permissionless dApp on Ethereum, with its smart contracts double-audited by ChainSecurity and Halborn for security. A key feature is that all loans have fixed terms, eliminating the risk of auto-liquidation due to floor price drops. For lenders, NFTfi offers an opportunity to earn yield and potentially acquire NFTs at a discount if a borrower defaults. The platform charges a 5% fee on the interest earned by lenders, while borrowers are not charged any fees.Grant Funding
VC Funding
None
2024
$0
$6M