PINE LOANS - POOLS (Redesign)

Web3 users at some point will want to purchase NFTs, what happens if they do not have enough tokens available in their web3 wallet? Will they wait till there is enough money or till market activities affect the price of their asset?

Pine protocol is a two-sided decentralized non-custodial protocol that facilitates asset-backed loan transactions between lenders and borrowers. Lenders set up their own lending pools, choose NFT collections that they are willing to lend against and set their own terms for loan offers. These offers are then added to a one-sided offer book. Borrowers can choose from these offers and borrow digital currencies against them using their NFT assets as collateral.

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Posted on Dec 9, 2022

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