News/DefiLlama Launches NFT Lending Protocol LlamaLend

DefiLlama Launches NFT Lending Protocol LlamaLend

Oct 28,2022,12:03

DefiLlama announced that its NFT lending protocol LlamaLend is live, which allows borrowers to borrow $ETH against their NFTs at a fixed interest. 

Lenders can pick any NFT collections to lend against, create their own pools, and choose LTV they want to use, maximum duration of loans and interest rates. Borrowers can choose how long they want to borrow, and receive $ETH equal to the minimum floor price over the last 7 days. They can repay that $ETH at any time before expiry to get the NFTs back, otherwise the lenders will get the NFTs.

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