- What is Drops?
An NFT lending service that allows users to borrow against their NFTs. Drops Ownership Power (DOP) is the governance token for voting and staking purposes and can be used to take our short-term loans. Drops compensates clients with dNFTs, which are interest-less tokens that can be swapped for their underlying assets. Drops NFT loans follow a four-step process, selecting the lending pool, supplying collateral, borrowing against the NFTs, and managing credit.
- Main Features
- Borrow against staked positionsUnlock NFTs potential with up to 75% loan-to-valueMaximize efficiency and minimize APY spreadLaunch custom lending poolsEnjoy flexible repayment with no set due dates
Frequently asked questions
Allows NFTs to be used as collateral for peer-to-contract loans and NFT farming. The governance token $HONEY can be minted by staking NFTs. DAOs utilize the protocol to create lending markets that mat...
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