Pine Protocol (PINE)

Total Value Locked$29,594

Chain Breakdown
Ethereum	$29.3k
Polygon	$295.87

Include in TVL (optional)
Borrowed	$192.5k

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 ($23.08m)Gondi V3 ($20.02m)BendDAO Lending ($6.15m)Gondi V2 ($2.36m)Arcade.xyz ($2.15m)JPEG'd ($514.33k)Sharky ($490.98k)NFTfi ($482.23k)Banx ($383.08k)X2Y2 ($266.31k)

Raises

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