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TheBlock
2022-06-21 14:26:31

NFTfi: Non-Recourse Loans through NFTs

NFTfi: Non-Recourse Loans through NFTs

Quick TakeNFTfi is an Ethereum-based P2P lending marketplace where individuals can borrow ETH or DAI against their collateralized NFTs.Total loan volume on NFTfi has surpassed $200 million, though it has only pocketed less than $400,000 in revenue since its inception 2 years ago.This research article will look at NFTfi’s economics, including the LTV ratio, default rate, and the risks of taking out non-recourse debt in terms of NFTs.  

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