Arcade Overview
- What is Arcade?
Arcade is an NFT lending platform that allows users to underwrite fixed-rate term loans using NFTs as collateral. The platform uses a smart contract protocol called Arcade Protocol to escrow high-value assets on the Ethereum blockchain. Arcade supports both fixed-term and custom offer loans across various NFT collections and individual NFTs.
- Main Features
- Fixed term oracleless loansImmediate funding for available loansCustomizable loan termsGoverned by $ARCD token holdersSupport for unique collateral and assets
- Blockchains
- Ethereum
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Frequently asked questions
Yes, you can provide loan bids on multiple assets using the Arcade Protocol. Lenders have the option to make collection-wide loan offers on popular NFT collections, start loans instantly against listed assets with pre-defined terms, or make bespoke offers on newly listed assets and active loans.
If you repay your loan early, the loan notes will be burned and the collateral will be returned to you.
Yes, loans can be extended beyond the original term as long as there is a standing offer on an active loan. The extension can be made with the original lender or a new one, and adjustments can be made to the principal, duration, and interest rate upon rollover.
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