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NAFTA

NFT Flash Loans & Long Term Renting without collateral

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Last updated 2 years ago

Nafta has launched! Try it today at nafta.market!

What is Nafta?

Nafta is a platform that facilitates NFT Flash Loans & Long Term Renting without any collateral.

Features

Long Term Renting

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

FlashLoans

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.

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