NFTfi is a peer-to-peer, decentralized lending protocol for taking loans that are collateralized against your NFTs.
All loans have fixed terms without price-based liquidation, and borrowers can renegotiate existing loans and take loans out against bundles of multiple NFTs.
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.
Here's what a basic loan lifecycle looks like:
NFTfi presently supports Wrapped Ethereum (wETH), USD Coin (USDC), and Dai (DAI). You can wrap regular ETH into wETH on Uniswap or many other venues.
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.