# NAFTA

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Nafta has launched! Try it today at [nafta.market](https://nafta.market)!
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### What is Nafta?

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

![](https://4103503283-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MP92SHq8tzasDjZCVP0%2Fuploads%2FCtgUbIouV4aeO884tt7X%2FScreenshot%202022-03-29%20at%2008.52.57.png?alt=media\&token=dbbeefa8-58c5-4736-a5e4-0d421393654c)

### Features

#### [Long Term Renting](https://docs.oiler.network/oiler-network/products/broken-reference)

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](https://docs.oiler.network/oiler-network/products/broken-reference)

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.