Honey Finance
Honey Finance is an NFT lending and borrowing protocol that lets users create lending pools by pairing any NFT with any fungible token.
What is Honey Finance?
Honey Finance allows its users to use their NFTs as collateral on peer-to-contract loans, as well as NFT farming. DAOs use the protocol to create lending markets, which match lenders and borrowers in isolated risk markets (IRMs). The protocol employs variable interest rates based on liquidity, and their anticipated Loan-to-Value ratio is 50%. Their governance token HONEY can be minted by staking NFTs into their farms.
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