Pine Protocol (PINE)

Total Value Locked$85,659

Chain Breakdown
Ethereum	$85.14k
Polygon	$514.46

Include in TVL (optional)
Borrowed	$448.07k

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 ($42.01m)BendDAO Lending ($22.91m)Gondi V2 ($11.9m)JPEG'd ($11.73m)Arcade.xyz ($9.2m)MetaStreet V2 ($5.18m)X2Y2 ($1.78m)NFTfi ($1.64m)Banx ($830.86k)Sharky ($646.08k)

Raises

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