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Pine

Pine

Pine is a decentralized protocol for NFT-backed financing, offering a P2P marketplace for instant loans. It allows NFT owners to use their assets as collateral for liquidity and provides lenders with opportunities for real yield. The platform supports various NFT collections and aims to be a gateway to NFT finance.
Distributed

Description

Pine Protocol is a decentralized, non-custodial, asset-backed financing protocol that provides a scalable liquidity and settlement layer for NFT-backed loans. The protocol is designed to be composable and can be integrated into any centralized or decentralized NFT platform. It powers the Pine Platform, a P2P loan marketplace connecting NFT asset owners and liquidity providers. Pine's community-owned DAO, PineDAO, focuses on supporting the adoption of NFT technology and the development of NFTFi solutions. The platform allows users to borrow instantly using their NFTs as collateral, with features like rollovers, no surprise liquidations, and mortgage-like options for buying and selling NFTs.