Pine Protocol (PINE)

Total Value Locked$80,804

Chain Breakdown
Ethereum	$80.22k
Polygon	$586.5

Include in TVL (optional)
Borrowed	$365.2k

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 ($86.35m)Gondi V3 ($21.83m)BendDAO Lending ($17.06m)Arcade.xyz ($11.83m)Gondi V2 ($11.71m)JPEG'd ($9.27m)MetaStreet V2 ($5.75m)X2Y2 ($2.03m)NFTfi ($1.55m)Revest Finance ($499.57k)

Raises

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