Pine Protocol (PINE)

Total Value Locked$43,753

Chain Breakdown
Ethereum	$43.4k
Polygon	$350.73

Include in TVL (optional)
Borrowed	$291.22k

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 ($35.4m)Gondi V3 ($23.58m)BendDAO Lending ($7.93m)Arcade.xyz ($4.72m)Gondi V2 ($4.34m)JPEG'd ($1.37m)NFTfi ($976.7k)X2Y2 ($899.66k)Banx ($741.87k)Sharky ($613k)

Raises

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