Key Metrics
Active Loans$259,183.43
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.
Methodology
TVL: value of NFTs locked in pools as taken as tvl, tokens borrowed against it is counted towards borrowedView code on GitHubHacks
Date: Dec 22, 2023
Amount: $95,000
Classification: Protocol Logic
Technique: Swap Logic Flaw
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Competitors
Frequently Asked Questions
What is Pine Protocol's TVL?
Pine Protocol currently has $23,971.44 in total value locked. TVL has increased 59.1% 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 99.4%.
How does Pine Protocol's TVL compare to similar protocols?
Among NFT Lending protocols tracked by DefiLlama, Pine Protocol ranks #9 by TVL. The category holds $13.9m across 32 protocols, and Pine Protocol accounts for 0.2% of that total. Other leading protocols include Revest Finance, Blur Lending, Gondi V3, BendDAO Lending V1, JPEG'd, Arcade.xyz, Llamalend, OpenSky Finance, NFTfi, and MMO Finance.
How much has been borrowed through Pine Protocol?
Pine Protocol currently has $259,183.43 in active loans.
Has Pine Protocol ever been exploited?
Pine Protocol has 1 recorded security incident. The most recent incident occurred on Dec 22, 2023 and involved $95,000. It was classified as Protocol Logic.