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NFTfi

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Category: NFT Lending
TVL: $11K

NFTfi

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.
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Funding Rounds

Funding Round: Series A1
Funding Date: 11 Mar, 2024
Raised Amount: $6M
Funding Round: Series A
Funding Date: 1 Mar, 2024
Raised Amount: $6M
Funding Round: Unknown
Funding Date: 1 Feb, 2021
Raised Amount: $890K

Investors