Liquidity Market (live)
Last updated
Last updated
The NFT lending market allows Core DAO NFT holders to get access to liquidity without having to sell their NFT.
Supported collections: Coretoshi and Core Origin.
Users in need of liquidity make a loan request instead, using their Core DAO NFT as collateral, set their terms (amount, APR and maturity time), and lenders bid using a reverse auction approach.
The lender with the best bid, provides liquidity and earns yield or the NFT collateral in case of default.
Loan requests are OTC (Over The Counter). Do Your Own Research (DYOR) both before requesting a loan (borrowers) or providing liquidity (lenders). NFT Collections' floor price are shown for information purposes. As a best practice, loans should be overcollateralized, meaning the value of the underlying asset (the NFT) should be bigger than the loan amount being requested.
For the detailed documentation on how to borrow or lend, check:
Fees: Flat platform fee of 2% flat for all actions taken in the market: Loan request, bid, bid acceptance, repayment, withdraw, loan cancellation and bid cancellation.