Pine Protocol (PINE)

Total Value Locked$25,277

Chain Breakdown
Ethereum	$25.06k
Polygon	$214.96

Include in TVL (optional)
Borrowed	$170.65k

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 ($20.42m)Gondi V3 ($16.94m)BendDAO Lending ($5.11m)Gondi V2 ($2.18m)Arcade.xyz ($1.89m)Banx ($921.64k)NFTfi ($555.21k)JPEG'd ($539.35k)Sharky ($368.77k)X2Y2 ($297.61k)

Raises

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