Finance

NFTfi: Non-Recourse Loans through NFTs

06/22/2022
Bitcoin Ethereum News

June 21, 2022, 10:26AM EDT

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• 9 min read

Quick Take

  • NFTfi is an Ethereum-based P2P lending marketplace where individuals can borrow ETH or DAI against their collateralized NFTs.
  • Total loan volume on NFTfi has surpassed $200 million, though it has only pocketed less than $400,000 in revenue since its inception 2 years ago.
  • This research article will look at NFTfi’s economics, including the LTV ratio, default rate, and the risks of taking out non-recourse debt in terms of NFTs.
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Source: https://www.theblockresearch.com/nftfi-non-recourse-loans-through-nfts-152113?utm_source=rss&utm_medium=rss