Drops Overview
- What is Drops?
Drops is a lending service that facilitates unique lending pools for NFTs, ERC20 tokens, and yield aggregator positions. The NFT loans follow a four-step process, selecting the lending pool, supplying collateral, borrowing against the NFTs, and managing credit.
- Main Features
- Borrow against staked positionsUnlock NFTs potential with up to 75% loan-to-valueMaximize efficiency and minimize APY spreadLaunch custom lending poolsEnjoy flexible repayment with no set due dates
- Blockchains
- Ethereum
Frequently asked questions
It allows users to use NFTs as collateral for loans, grouping them by risk profile and providing a structured lending environment.
The loan-to-value ratio for borrowing against NFTs is up to 75%.
The app maximizes efficiency and minimizes APY spread by allowing users to borrow against their staked positions. The LP tokens used as collateral not only serve as collateral but also continue to autocompound, increasing in value.
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