About NFTY Finance
NFTY Finance is a decentralized marketplace for NFT-backed lending. The protocol leverages smart contracts to facilitate secure borrowing and lending. Lenders establish customized “Liquidity Shops” (lending desks) while borrowers use NFTs as collateral.
Loan positions, represented as collateralized debt positions, are tokenized on-chain using non-fungible tokens, enabling participation in interest rate swaps and various derivative markets. NFTY Finance aims to address current issues with asset-backed protocols such as pooled liquidity, third-party reliance, and debt transferability.
V3 live on Polygon Mumbai Testnet
V3 of the NFTY Finance borrowing and lending protocol for NFTs is Now Live! on @0xPolygon testnet!