Pawnfi Overview
- What is Pawnfi?
Pawnfi is a platform for appraising and liquidating non-standard assets (NSAs) such as LP tokens, minor cryptocurrencies, and NFTs. The workflow is managed via smart contract escrow and settlement. Pawnfi takes a crowd-lending approach for assets with comparatively lower turnover rates, and allows pool lending for assets with high turnover rates. The platform combines the modules for the floor and ceiling prices of assets to find the true range of a given NSA.
- Main Features
- Instant buying and selling of NFTsNFT LeverageTrade NFTs and tokensLending opportunities for NFTs and tokensEarn opportunities through NFT finance
Related Apps
A peer-to-peer lending platform that allows users to put up crypto and NFTs as collateral for loans.
Frequently asked questions
NFT Leverage on Pawnfi allows users to borrow P-Tokens instantly using their NFTs as collateral. The loan-to-value (LTV) ratio is 100%, meaning both the loan and interest are denominated in P-Token. This protects users from mid-term liquidation risks caused by fluctuations in floor prices.
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