Pine Protocol (PINE)

Total Value Locked$79,646

Chain Breakdown
Ethereum	$79.08k
Polygon	$567.43

Include in TVL (optional)
Borrowed	$359.08k

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 ($85.47m)Gondi V3 ($24.33m)BendDAO Lending ($17.74m)Gondi V2 ($12.09m)Arcade.xyz ($11.58m)JPEG'd ($9.88m)MetaStreet V2 ($6m)X2Y2 ($2m)NFTfi ($1.53m)Revest Finance ($494.58k)

Raises

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