Pine Protocol (PINE)

Total Value Locked$72,516

Chain Breakdown
Ethereum	$72.05k
Polygon	$470.61

Include in TVL (optional)
Borrowed	$352k

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 ($28.35m)BendDAO Lending ($16.69m)Gondi V2 ($11.59m)JPEG'd ($9.52m)NFTfi ($6.28m)Arcade.xyz ($6.17m)MetaStreet V2 ($5.8m)X2Y2 ($1.22m)Banx ($830.86k)Gondi V1 ($597.21k)

Raises

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