💳P2P NFT Loans

Non-Custodial Loans

Put NFT's up as collateral to borrow assets. Fund a Loan to passively collect more tokens. Collect NFT's from defaulted loans.

List Collateral Offer​

The lifecycle begins by broadcasting a list_collateral to the contract. To participate as a borrower, you must provide collateral. A loan offer with your preferences may be accepted, or you may also recieve offers which you may accept or reject. In your loan offer, state the desired:

1. principle capital - how much you are asking to borrow

2. loan duration - how long you would like to be able to repay the loan

3. intrest rewarded - interest calculated from the loan principle

Create A Loan Offer​

Lenders can loan assets in pursue of guaranteed return, whether it be: - principle + agreed upon interest - assets in collateral escrow When the borrower repays the loan, the capital, plus the agreed interest, is returned to the lender.

Accept or Reject A Loan Offer​

Upon accepting an offer, the coins will go in your wallet. Simultaneously, your collateral is moved into escrow via smart contract, for an agreed upon loan period.

Repaying The Loan​

Successfully repaying the loan before its expiration results in the retrieval of your collateral;

Loan Default​

Defaulting on the repayment of an accepted loan results in the lender taking ownership of your collateral!

This unlocks more on-chain methods for token-economy implementations.

Fees​

• A set fee of 50 STARS, every time a NFT is put up for loan (collateral deposit)

• 5% of interest repayment from each loan