Zharta

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Frequently asked questions

What do you mean by borrower-friendly?

Borrower-friendly refers to a protocol or platform that prioritizes the needs and interests of borrowers in the lending process. The borrower-friendly features of the protocol include:

1. No Auto-Liquidations: Borrowers are protected from losing their NFT collateral if they pay their loans on time. There is no need to worry about the value of the NFT dropping below a certain threshold.

2. Retain NFT Utility: Borrowers can still access the benefits and features of their NFTs, such as claiming airdrops, joining discord servers, and participating in events, even during the loan period.

3. Fixed APR: The Annual Percentage Rate (APR) for loans remains constant throughout the loan term, regardless of the utilization rates. Borrowers can expect a predictable interest rate from the start to the end of the loan.

4. Repay Early, Pay Less: Borrowers have the flexibility to repay their loans early and only pay interest for the days until repayment, with a minimum repayment period of 7 days. This allows borrowers to save on interest costs if they can repay the loan sooner.

5. Tailored Conditions: Borrowers can customize their loan conditions based on their specific needs using a tiered approach. This allows borrowers to have more control over the terms of their loans.

Overall, a borrower-friendly protocol aims to provide a safe, fair, and flexible borrowing experience for individuals seeking loans against their NFT assets.

How does Zharta ensure NFT retention during loans?

Zharta ensures NFT retention during loans by implementing a borrower-friendly protocol. They do not auto-liquidate NFTs, so borrowers do not have to worry about losing their assets if they pay on time. Additionally, borrowers can still access the utility of their NFTs, such as claiming airdrops, accessing discord servers, and entering events, during the loan period. Zharta also offers fixed APRs that do not fluctuate based on utilization rates, providing borrowers with transparency and predictability. Borrowers have the option to repay their loans early and pay less interest, thanks to Zharta's pro-rata system. The platform also allows borrowers to customize their loan conditions to fit their specific needs.

Does the APR fluctuate based on utilization rates?

No, the APR does not fluctuate based on utilization rates. Once a loan is taken, the APR will remain the same until the term ends.

How does the pro-rata system work for early repayment?

The pro-rata system for early repayment means that borrowers only pay interest for the days until repayment, with a minimum of 7 days. This system allows borrowers to save money by paying less interest if they choose to repay their loan before the term ends.

Can users customize their loan conditions?

Yes, users can customize their loan conditions with Zharta's tiered approach. This allows borrowers to tailor their loan terms to fit their specific needs.

Why do users trust Zharta for NFT lending?

Users trust Zharta for NFT lending because it provides safety and fairness to both lenders and borrowers with instant loans. The team is active and friendly, which helps build trust and connection. The platform has a user-friendly UI and offers reasonable loan conditions. Zharta has also raised significant funding to support its growth in the instant NFT lending space.

What are the benefits of using Zharta's instant loan platform?

The benefits of using Zharta's instant loan platform include safety and fairness for both lenders and borrowers, a user-friendly interface, reasonable loan conditions, active and friendly customer support, no auto-liquidations, the ability to retain NFT utility during loans, fixed APRs that do not fluctuate, the option to repay early and pay less interest, tailored loan conditions, and the refunding of gas fees for new loans.