NFTfi Overview

What is NFTfi?

NFTfi is a platform that enables the financialization of NFTs and digital currencies by providing a market for NFT collateralized loans. Platform sectors include NFT fractionalization, NFT renting, NFT derivatives, and lending/borrowing NFTs. Lenders can make loan offers depending on their desired level of friendliness, acquisition, or profit.

Main Features
Collateralized Loans: NFT holders can borrow cryptocurrency by using their NFTs as collateral, while still keeping ownership of their NFTs.
No Auto-Liquidations: NFTfi does not automatically liquidate NFTs used as collateral, providing borrowers with more control over their loans.
0% Borrower Fees: Borrowers on NFTfi are not charged any fees for borrowing cryptocurrency against their NFTs.
Secure Escrow Smart Contract: When borrowers accept a loan offer, their NFT goes into a secure escrow smart contract, ensuring the safety of the collateral.
Liquidity and Interest Earning: NFTfi provides liquidity to NFT holders and offers the opportunity to earn interest through lending.
Blockchains
Ethereum

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Frequently asked questions

NFTfi is a liquidity protocol for NFTs that allows NFT owners to use their NFTs as collateral to access loans in wETH, DAI, and USDC. The protocol operates in a trustless manner, enabling peer-to-peer lending. NFT liquidity providers can earn attractive yields or have the opportunity to acquire NFTs at a discounted price in the event of loan defaults. To use NFTfi, borrowers need to list their NFTs as collateral and connect their Ethereum wallet to the NFTfi dApp. Borrowers have control over accepting loan offers and are not obligated to accept any offers they receive. In the event of loan default, lenders have the right to foreclose on the loan and claim the NFT used as collateral. To create a NFTfi account, users need to connect their MetaMask digital wallet and can add an email address to receive notifications.

Yes, you can borrow cryptocurrency against your NFT without losing ownership. NFTfi allows NFT holders to use their NFTs as collateral to borrow wETH, USDC, and DAI from lenders. When you accept a loan offer, your NFT goes into a secure escrow smart contract, and you receive the borrowed cryptocurrency directly to your wallet. If you repay the loan in time, you will get your NFT back. There are no auto-liquidations, and you maintain complete control over your loans. However, if you default on the loan, the lender retains the right to foreclose on the loan and claim the NFT as collateral.

Yes, you can earn interest by lending your cryptocurrency on NFTfi. NFTfi allows NFT holders to borrow cryptocurrency from lenders by using their NFTs as collateral. As a borrower, you can list your NFT and set the desired terms of the loan. Other users will then give you loan offers, and when you accept a loan offer, your NFT goes into a secure escrow smart contract, and you receive the borrowed cryptocurrency directly to your wallet. If you repay the loan in time, you will get your NFT back. NFTfi does not charge any borrower fees.

The loan volume on NFTfi is $480M+ and the average loan size is $10K.

To create a NFTfi account, you need to have the MetaMask digital wallet installed. Once you have MetaMask, navigate to nftfi.com and click on any tab to connect your wallet. After connecting your wallet, you can go to the 'Account' tab on the top right of the website to edit your account information. You can add an email address to receive email notifications. It is also recommended to list your Discord ID in your account profile to connect with the NFTfi community.

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