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NAFTA
NFT Flash Loans & Long Term Renting without collateral
Nafta is a platform that facilitates NFT Flash Loans & Long Term Renting without any collateral.
Allows you to rent as many times as you want for the fixed price paid once.
- The owner of an NFT pools it with the Oiler Nafta pool -> sets the borrowing rate & the maximum borrowing period.
- The renter receives a wrapper NFT representing the borrowed asset, which they can trade, transferring the flash-ownership
Allows you to flash-loan an NFT in a single transaction; NFT has to be returned into the pool at the end of the transaction, together with the loan cost paid to the pool.
- The owner of an NFT pools it with the Oiler Nafta pool & sets the single loan price
- The renter flash-loans an asset in and returns the original NFT at the end of the transaction.
- In the case where the original NFT is not returned -> transaction reverts.
Last modified 1yr ago