PWN platform Overview
- What is PWN platform?
PWN is a peer-to-peer lending platform that allows users to put up crypto and NFTs as collateral for loans. Borrowers can choose duration, credit, and interest for their loans and choose offers from the marketplace. Lenders can acquire NFTs at reasonable rates if a loan fails and exit positions early because all loans are tokenized as deeds.
- Main Features
- Smart Contract GovernanceCustomize your investment strategyKeep the collateral in case of defaultIntegration of LOAN tokenUse any token as collateral
Related Apps
A platform for appraising and liquidating non-standard assets such as LP tokens, minor crypto, and NFTs.
Frequently asked questions
Any standard ERC token, such as DAI, UNI, LINK, and more (ERC-20), as well as NFTs like CryptoPunks and EtherRocks (ERC-721 & ERC-1155), can be used as collateral on PWN. The eventual goal is to allow anything to be used as collateral on PWN.
The benefits for lenders on PWN include the ability to keep the collateral in case of default, which allows them to acquire valuable NFTs at a discount or generate profit by selling the proceeds on the market. Lenders also receive the LOAN token, which represents an active loan on PWN and can be sold or used as collateral for further borrowing. Additionally, P2P loans on PWN can offer higher APY than other DeFi products without representing higher than usual risks for investors. Lenders can customize their investment strategy by handpicking their favorite investment positions and aligning their portfolio with their overall investment strategy.
The benefits for borrowers on PWN include the ability to use any token as collateral, choose loan terms according to their needs, and no risk of liquidation before the loan expires.
The LOAN token is an NFT representation of an active loan on PWN. It allows lenders to sell the loan or use it as collateral for further borrowing.
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 PWN platform, 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.
