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. Their newly launched V2 also allows for airdrop-friendly vaults, and speeds up the process for lenders and borrowers.

Main Features
Fixed term oracleless loans
Immediate funding for available loans
Customizable loan terms
Thoroughly audited and battle-tested protocol
Support for unique collateral and assets
Blockchains
Ethereum

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Frequently asked questions

The Arcade Protocol allows users to use their NFTs as collateral for loans. It enables peer-to-peer lending with fixed terms and does not require an oracle. Users can either select from existing offers on supported NFT assets or list their NFTs to receive lender bids. Users can also set their own terms and allow lenders to initiate loans quickly. Arcade simplifies on-chain borrowing.

The types of assets that can be used as collateral in the Arcade Protocol for web3 lending include collectibles and in-game blockchain assets, as well as NFTs (non-fungible tokens). Users can list their NFTs with their desired loan terms or accept existing lender bids to receive funding. Additionally, users can make collection-wide loan offers on popular NFT collections or make bespoke offers on newly listed assets and active loans. The collateral is locked in escrow once a loan is started, and it is returned to the borrower once the loan is repaid in full. Loans can also be extended with the original or a new lender, with borrowers only paying the interest due and any difference in principal.

To join the Arcade community, you can start by joining the Arcade Discord, where you can ask questions and learn from the vibrant community. Additionally, you can connect your wallet to the Arcade.xyz platform to participate in the lending marketplace and access liquidity for your NFT assets. The Arcade.xyz platform enables peer-to-peer lending with fixed terms, allowing users to list their NFTs and receive lender bids or select from existing offers on supported NFT assets. By participating in the Arcade community, you can also contribute to the growth and development of the project through governance.

To list your NFTs for borrowing using the Arcade Protocol, you can follow these steps:

  1. Single NFTs: You can list your individual NFTs for borrowing by using the one-click listing feature. This will allow you to instantly receive lender offers. When listing your NFT, you can set your desired loan terms for lenders to start loans quickly.

  2. Smart Vault Loans: If you have multiple NFTs or want to create a utility safe loan, you can mint an Arcade smart vault. This smart vault allows you to list multiple assets and set desired loan terms for lenders to start loans instantly. Additionally, the smart vault offers efficient one-click rollovers for any number of NFTs within the vault.

  3. Start The Loan: Once you have listed your NFTs, lenders can make loan offers on your assets or smart vault. You can either accept existing lender bids or list your NFTs with your desired loan terms to receive lender bids. By accepting a standing offer or lender bid, you will immediately receive funding for your loan.

In summary, to list your NFTs for borrowing using the Arcade Protocol, you can either use the one-click listing feature for single NFTs or mint a smart vault for multi-asset loans. You can set your desired loan terms and either accept existing lender bids or list your NFTs to receive lender bids.

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. This allows for flexibility in providing loan bids on individual loans, entire NFT collections, or borrower desired terms.

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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