Drops Overview

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 positions
Unlock NFTs potential with up to 75% loan-to-value
Maximize efficiency and minimize APY spread
Launch custom lending pools
Enjoy flexible repayment with no set due dates
Blockchains
Ethereum

Frequently asked questions

Related Apps

  • 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...

    NFTs Dapps & Tools ·
  • reNFT is a multi-chain NFT rental protocol and platform. It enables collateral-free in-house renting, lending, and reward share. Developers can integrate it into their web3 projects to enable rental f...

    NFTs Dapps & Tools ·
Last updated: