Honey Finance Overview
- What is Honey Finance?
Honey Finance is a lending platform that allows NFTs to be used as collateral for peer-to-contract loans and NFT farming. The governance token $HONEY can be minted by staking NFTs. This system enables a dynamic marketplace where lenders can offer loans under flexible terms, and borrowers can leverage their NFTs without selling them.
- Main Features
- Lending and borrowing for NFTsPeer-to-Contract SystemOvercollateralized LoansCollateral on Honey is arbitraryNFT Collateralization
Related Apps
A lending service that offers lending pools for NFTs, ERC20 tokens, and yield aggregator positions.
reNFT is a multi-chain NFT rental protocol and platform. It enables collateral-free in-house renting, lending, and reward share. Developers can integrate it into their web3 projects to enable rental f...
A stablecoin protocol that utilizes LSTs & other reward-bearing assets as collateral for borrowing DUSD.
Frequently asked questions
The types of collateral accepted on Honey Finance are NFTs (non-fungible tokens). Borrowers can deposit NFT collateral in order to withdraw capital from lending markets.
Users can earn rewards on Honey Finance by depositing capital into pools of liquidity as lenders. By providing liquidity to illiquid assets, lenders can earn high yields. Additionally, users can earn rewards by directing liquidity across Honey Finance's markets.
The liquidation protection feature on Honey Finance is a feature that ensures lenders do not receive bad collateral. The protocol aggregates liquidation routes, providing lenders with protection against potential losses.
Customer Reviews
Share your thoughts
If you’ve used this app, share your thoughts with others.
There are no reviews yet!
Be the first and add a review.
Explore Top Apps
If you enjoy using Honey Finance, you’ll love those NFTs Dapps & Tools apps.
Stay ahead in Web3!
The latest Ethereum and L2s apps, tools and resources, sent to your inbox.
