Pine Protocol (PINE)

Total Value Locked$28,134

Chain Breakdown
Ethereum	$27.91k
Polygon	$226

Include in TVL (optional)
Borrowed	$193.96k

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 ($23.34m)Gondi V3 ($18.84m)BendDAO Lending ($5.85m)Gondi V2 ($2.48m)Arcade.xyz ($2.21m)JPEG'd ($696.79k)Banx ($646.19k)NFTfi ($633.92k)Sharky ($424.58k)X2Y2 ($366.33k)

Raises

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