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NFTfi

Use your NFTs to get a crypto loan
Category
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Finance
Blockchain
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Ethereum
Publisher
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NFTfi Team
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What is NFTfi?
NFTfi is the leading liquidity protocol for NFTs. We allow NFT owners to use the assets they own to access the liquidity they need by receiving secured wETH and DAI loans from liquidity providers, peer-to-peer, in a completely trustless manner. NFT liquidity providers use NFTfi to earn attractive yields or — in the case of loan defaults — to have a chance at obtaining NFTs at a steep discount to their market value.

Use your NFT as collateral to borrow wETH, DAI, or USDC from lenders. Repay your loan, and you get your NFT back. No auto-liquidations! 0% borrower fees!

List your NFT & start getting loan offers
First, you need to list your NFT and set the desired terms of the loan. After you list your NFT, other users will give you loan offers.

Receive loan offers & accept the best one
When you accept a loan offer, your NFT goes into a secure escrow smart contract, and you receive the wETH, DAI, or USDC from the lender directly to your wallet!

Repay the loan & get your NFT back
If you repay your loan in time, you will automatically receive your NFT

Explore NFTs & collections and send loan offers
View all listed NFTs & collections that are currently seeking out loan offers. Make custom offers or accept desired loan terms from the borrower.

Borrower accepts your loan offer
When your loan offer is accepted, your principal is sent to the borrower. The NFT is put in a secure escrow smart contract for the duration of the loan.

Earn interest
When the borrower repays the loan, you will automatically receive your principal plus the interest in your wallet!

Start building on top of NFTfi
NFTfi is a protocol that provides financialization infrastructure and deep liquidity. Add financial capabilities to your existing offering and monetize your audience.

Get access to our API/SDK
Integrate your dApp with our protocol by using our API/SDK tools.

Get in touch
Let’s chat about what you are building or how we can push NFT finance to the next level together.
Our mission is to give NFT owners the financial flexibility they deserve. NFTfi was designed to provide the most secure, fair, and transparent way to unlock opportunities from your valuable NFTs.

Transparent & open
The NFTfi dApp runs on Ethereum and is non-custodial, decentralized, and permissionless. All you need is a digital wallet to interact.

Secure & double-audited
All core and periphery smart contracts have been double-audited by ChainSecurity & Halborn.

No auto-liquidations
Every loan is facilitated in a peer-to-peer manner under fixed terms. This means no risk of liquidation should floor prices go down.

Fixed loan terms
0% borrower fees
NFTfi is a peer-to-peer protocol, and all loan terms are fixed between a lender and a borrower. Borrowers pay a 0% fee.
Information
Type
Automated Market Maker
Blockchain
Ethereum
Platform
Windows, macOS
Publisher
NFTfi Team
NFT marketplace
NFTfi
Version
V2
FAQ
NFTfi is the leading liquidity protocol for NFTs. We allow NFT owners to use the assets (NFTs)they own to access the liquidity they need by receiving secured wETH and DAI loans from liquidity providers, peer-to-peer, in a completely trustless manner. NFT liquidity providers use NFTfi to earn attractive yields or — in the case of loan defaults — to have a chance at obtaining NFTs at a steep discount to their market value.
NFTfi's vision is to build a fully decentralized, permissionless, user-owner public utility, supporting the seamless financialization of NFT based economies through innovative mechanisms and highly user-friendly applications.
The ability to access liquidity against their NFTs without selling the asset gives unprecedented financial flexibility to NFT holders, especially if they have a large percentage of their portfolio locked up in these illiquid assets.
A few examples of what the liquidity obtained via NFTfi can be used for include:
Serving immediate liquidity needs (e.g. covering margin positions)
Taking advantage of short-term investment opportunities (e.g. high-yield liquidity mining or NFT flips)
Taking advantage of long-term investment opportunities (e.g. buying real estate; long-term loans is now supported in NFTfi V2)
Delaying a planned sale of an NFT for more opportune market conditions
Delaying a planned sale of an NFT to defer potential capital gains tax
Financing ‘real life’ needs without having to sell valuable assets
Liquidity providers use their idle capital to earn attractive yield and, in case of Borrower defaults, they have a chance at obtaining NFTs at a steep discount compared to market prices. Strategies vary among liquidity providers.NFTfi liquidity providers are typically collectors themselves and possess a deep understanding and appreciation of the NFT markets, or a specialized niche within them. Recently, more professionally operating and highly analytical individual and organizational liquidity providers (e.g. lending DAOs) have emerged.
NFTfi is a peer-to-peer platform connecting NFT holders and liquidity providers directly via permissionless smart contract infrastructure. The NFTfi team at no point has access to any asset or is involved in any way in the negotiation of terms between Lenders and Borrowers.
The NFTfi V1 smart contracts are longer in use, and NFTfi V2 was launched at 11:15 AM SAST on 4th April 2022. Any active loans initiated on NFTfi V1 will still complete on NFTfi V1.
The modular NFTfi V2 smart contract system has been double-audited by two industry-leading firms (Chainsecurity, Halborn). You can see loan stats in the NFTfi Dune dashboard.
The NFTfi V2 smart contract addresses are:
0x8252Df1d8b29057d1Afe3062bf5a64D503152BC8
0xaDDE73498902F61BfCB702e94C31c13C534879AC
0x5A42d72372858E10Edc03B26bF449F78fF3c0e6F
0x0C90C8B4aa8549656851964d5fB787F0e4F54082
0x5660E206496808F7b5cDB8C56A696a96AE5E9b23
0xe73ECe5988FfF33a012CEA8BB6Fd5B27679fC481
0xE52Cec0E90115AbeB3304BaA36bc2655731f7934
The NFTfi V1 (now deprecated) smart contract address is:

0x88341d1a8F672D2780C8dC725902AAe72F143B0c
The NFTfi service fee for Lenders is 5% of the interest only earned by Lenders on successful loans. In the case of a loan default, there is no service fee. Also, there is no service fee for Borrowers.
NFTfi presently supports Wrapped Ethereum (wETH) and Dai (DAI). You can wrap regular ETH into wETH on Uniswap or many other venues.
NFTfi currently only supports the Ethereum blockchain. That being said, we have an ambitious multi-chain strategy. We will soon launch on Flow blockchain, the first step in that direction.
Yes. Our SDK/API is currently in closed beta. Join our Discord server and ask for access in the #dev-zone channel.
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