NFTfi: Non-Recourse Loans through NFTs
Quick Take
- NFTfi 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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Author: Erina Azmi
