Pine Protocol (PINE)

Total Value Locked$85,369

Chain Breakdown
Ethereum	$84.85k
Polygon	$517.53

Include in TVL (optional)
Borrowed	$445.14k

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 ($41.77m)BendDAO Lending ($19.72m)Gondi V2 ($11.8m)JPEG'd ($11.64m)Arcade.xyz ($9.16m)MetaStreet V2 ($5.15m)X2Y2 ($1.78m)NFTfi ($1.63m)Banx ($830.86k)Sharky ($565.71k)

Raises

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