Ask about Pine Protocol
Logo of Pine ProtocolPine Protocol(PINE)
Total Value Locked$17,988.18

TVL by Chain

Ethereum$17,899.82

Polygon$88.36

Key Metrics

Active Loans$196,449.73

Total Raised$4.5m

May 19, 2022$1.5mRound: Seed

Dec 16, 2022$3mRound: PrivateInvestors: Amber Group, Sparkle Ventures, Shima Capital, The Lao, MapleBlock Capital, The Spartan Group

Protocol Information

Non-custodial decentralized asset-backed lending protocol that allows borrowers to borrow fungible digital tokens from lenders using non-fungible tokens as collateral.

Category:NFT Lending

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Methodology

TVL: value of NFTs locked in pools as taken as tvl, tokens borrowed against it is counted towards borrowedView code on GitHub

Competitors

Revest Finance ($80,682.41)Blur Lending ($6.21m)Gondi V3 ($2.29m)BendDAO Lending V1 ($511,999.1)JPEG'd ($437,046.05)Arcade.xyz ($162,256.51)X2Y2 ($35,132.22)OpenSky Finance ($17,148.81)Llamalend ($16,627.86)NFTfi ($12,171.77)

Frequently Asked Questions

What is Pine Protocol?

Non-custodial decentralized asset-backed lending protocol that allows borrowers to borrow fungible digital tokens from lenders using non-fungible tokens as collateral.

What is Pine Protocol's TVL?

Pine Protocol currently has $17,988.18 in total value locked. TVL has increased 25.4% over the past 30 days.

What chains does Pine Protocol operate on?

Pine Protocol operates on 2 chains: Polygon and Ethereum. Ethereum holds the largest share at 99.5%.

How does Pine Protocol's TVL compare to similar protocols?

Among NFT Lending protocols tracked by DefiLlama, Pine Protocol ranks #10 by TVL. The category holds $10m across 29 protocols, and Pine Protocol accounts for 0.2% of that total. Other leading protocols include Blur, Gondi, and BendDAO.

How much has been borrowed through Pine Protocol?

Pine Protocol currently has $196,449.73 in active loans.