Introducing FRAKT Loans

NFTs as Collaterals to Borrow SOL
Borrowers (NFT holders) are able to :
Opt for a Perpetual loan, a Flip loan or a Bond​ (higher LTV loan). You can find the comparative here​
Initiate an instant NFT loan to borrow SOL from the pool and/or from the order book. By doing so their NFT collateral remains in their wallet but is locked 
Maintain NFT collateral ratio by repaying SOL anytime
Unlocking back the NFT when paying off the NFT loan
Deposit SOL to Earn Yields
Depositors/ lenders are able to 
Deposit/withdraw SOL to the lending pools (for peer-to-pool loans)
List offers in the order book (for peer-to-peer loans)
Earn yields by providing liquidity
Deposits to the isolated lending pools will fund Perpetual loans​
Deposits to the aggregated lending pool will fund Flip loans​
Deposits to the order book will fund Bonds​
From the NFT holder's point of view
A 12-hour liquidation protection period
In order to avoid losses caused by the market fluctuations, the borrower will have a 12-hour grace period to repay the loan
Never be stolen
NFTs will be locked in wallet through instant NFT loans. Locked NFTs are untransferable avoiding the risk of theft. On the other side, as locked NFTs remain in the wallet they will still unlock access to Discord, ...
From the SOL lender's point of view
Never goes bankrupt
Until the debt is repaid, the borrower's NFT collateral is locked on the platform and can be liquidated following a 3 steps liquidation process if needed
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Last modified 4mo ago