Ask about Pine Protocol
Logo of Pine ProtocolPine Protocol(PINE)
Total Value Locked$15,608

TVL by Chain

Ethereum$15,509

Polygon$98.99

Key Metrics

Active Loans$202,295

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 ($81,432)Blur Lending ($1.12m)Gondi V3 ($840,443)JPEG'd ($410,188)Arcade.xyz ($165,244)BendDAO Lending V1 ($95,318)Pawnfi Lending ($42,445)X2Y2 ($30,225)OpenSky Finance ($17,531)Llamalend ($17,101)