# Introduction

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**NFTfi is a peer-to-peer, decentralized lending protocol for taking loans that are collateralized against your NFTs.**&#x20;

All loans have fixed terms without price-based liquidation, and borrowers can [renegotiate](https://docs.nftfi.com/borrow/renegotiating) existing loans and take loans out against [bundles](https://docs.nftfi.com/highlights/bundles) of multiple NFTs.\
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For lenders, NFTfi provides a platform for generating attractive yields whilst offering the chance to acquire NFTs at discounts to market price if a borrower defaults. \
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Here's what a basic loan lifecycle looks like:

<figure><img src="https://lh6.googleusercontent.com/l72EdlynOfucJXbXTfhnm6DI324sAPOq4DTrSF7JvMCUFSJWEOOyH90lFr16CD8_6hzeijMWVUT8-qu9Q2Gzh-DJybDYdKasnebDBMu3w6So8UUCnrpHQF1Niy2oDAKgaP6cKcLwpRb0dR7qvKM-yMw" alt=""><figcaption></figcaption></figure>

**NFTfi dApp** can be accessed here: <https://app.nftfi.com/>&#x20;

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**Supported cryptocurrencies**

NFTfi presently supports Wrapped Ethereum (wETH), USD Coin (USDC), and Dai (DAI). You can wrap regular ETH into wETH on [Uniswap](https://app.uniswap.org/#/swap) or many other venues.
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*<mark style="color:orange;">This documentation and its contents are for educational and informational purposes only and should not be considered financial advice. Conduct your own research and due diligence before making any investment or financial decisions, such as when considering novel products including NFT loans.</mark>*
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