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.
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.
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.
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.
Select NFT assets are available for use as loan collateral. Periodically, additional NFT collections will be added. All ERC20 tokens are supported.
All ERC20 tokens are supported included wETH, USDC, DAI.
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).
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.
There are no liquidations.
Borrower pays 2% of principal on every matched loan.
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.
Most conversations in the community are happening here. The core team is very active and typically responds to questions in real time.
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