We are Pawn.fi

Pawn.fi is the infrastructure layer for NFT liquidity. We enable the financialization of non-fungible assets, commonly referred to as non-fungible tokens, or NFTs. They represent a natural evolution of storing value and attributing ownership for unique assets. 

FAQ

What is Pawn.fi

Pawn.fi, an open source and non-custodial liquidity protocol for loans backed by non-fungible tokens, or NFTs. Pawn.fi enables decentralized, peer-to-peer lending and borrowing on the Ethereum blockchain.

Why Pawn.fi?

Pawn.fi combines decentralized finance and NFTs. Prior to Pawn.fi, crypto lending markets existed for fungible digital assets, but were largely undeveloped in non-fungible crypto markets.

How does Pawn.fi work?

NFT collectors can request loans against one or more of their NFT assets to be fulfilled by lenders via the Pawn.fi dApp. First, connect with Metamask, select assets as collateral, then request a loan with specified terms.

What assets can be used as loan collateral?

Select NFT assets are available for use as loan collateral. Periodically, additional NFT collections will be added. All ERC20 tokens are supported.

What currencies can be borrowed? 

All ERC20 tokens are supported included wETH, USDC, DAI.

What is a wNFT?

A wrapped NFT, or wNFT, contains the borrower's loan collateral and is used when requesting a loan. When a user selects a single or group of NFTs as collateral they will be wrapped in new NFT (wNFT).

What happens when a loan is filled?

The wNFT for the loan is time-locked in an escrow smart contract. Funding principal is sent to the borrower and loan notes are issued giving claim rights to both sides of the loan.

Does Pawn.fi have liquidations?

There are no liquidations.

What are the fees?

Borrower pays 2% of principal on every matched loan.

What risks are involved?

Pawn.fi is an experimental platform provided "AS IS" without warranties of any kind. Use of the platform, dApp, or smart contracts is at your own risk.

Community

Discord

Most conversations in the community are happening here. The core team is very active and typically responds to questions in real time.

discord.gg/PgJT2uZW4Y

Twitter

We use our Twitter to share announcements & updates, as well as amplify Pawn.fi messaging from partnerships and the greater ecosystem.

@pawn_fi