Pine Protocol (PINE)

Total Value Locked$74,228

Chain Breakdown
Ethereum	$73.63k
Polygon	$600.63

Include in TVL (optional)
Borrowed	$373.29k

USD ETH

Information

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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Token Information

Address:0x569424...443a51

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Methodology

value of NFTs locked in pools as taken as tvl, tokens borrowed against it is counted towards borrowed

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Competitors

Blur Lending ($94m)Gondi V3 ($33.05m)BendDAO Lending ($16.6m)Arcade.xyz ($10.53m)Gondi V2 ($8.02m)JPEG'd ($4.06m)X2Y2 ($1.71m)NFTfi ($1.47m)Sharky ($722.24k)Revest Finance ($478.2k)

Raises

Total raised: 4.5m
5/19/2022 : Seed - Raised $1.5m
12/16/2022 : Private - Raised $3m