Frakt
NFT Lending Dapps
Frakt
The FRAKT protocol is a DeFi x NFT protocol that makes NFTs liquid, using the Solana chain.
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What is Frakt?
The Frakt protocol allows its users to make their NFTs liquid by using them for collateral on loans. Users can get $SOL and $USDC liquidity using their NFTs or pool tokens as collateral. They have both perpetual (dynamic interest) and flip loans (fixed interest for a short duration). Peer-to-pool lending lets users earn interest on their $SOL, which can be swapped for $USDC. Their “Initial Liquidity Offering” (ILO) solution also ensures post-mint liquidity, which prevents rugs.
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