Unlock liquidity and drive true-market valuations for NFTs
with Harberger Lending Auctions.
Lending has always favored capital.It’s why banks buy and resell your mortgage without your permission while you churn through hundreds of pages of paperwork to refinance your home.Our vision is to build something that’s never existed before: an equitable, permissionless, peer-to-peer debt market , where borrowers and lenders benefit from asset appreciation
and market competition.
Collateralized Lending 🤝 Harberger Auctions
The NiftyApes protocol is powered by an entirely unique mechanism called Harberger-style auctions (HSLAs).
HSLAs ensure lenders and borrowers find true-market value and unlock liquidity for NFTs, even before they’re minted.
Frictionless refinancing and re-appraisal with no liquidity fragmentation.
Offers Are Made
Lenders lock capital in the NiftyApes protocol and sign standing offers on collections and assets.
Borrowers Hit the Money Button
Borrowers connect their wallet and see the best offers on their assets and access on-demand liquidity for their NFTs instantly.
Other lenders can refinance the loan with better terms. The loan is automatically upgraded, and the original lender is paid the interest + 50bps premium.
Loan is Repaid
The borrower repays the loan. The lender with the best offer is repaid the principal + interest and the borrower unlocks their NFT from the NiftyApes smart contract.
YOLO WITH PEACE-OF-MIND
We’ve committed up to 20% of our treasury to funding audits and purchasing insurance against potential exploits. Check out our most recent audit below 👇
In-progress - 04/15/2022
Kevin Seagraves, CEO
Fmr. Gitcoin, BCG
Zach Herring, COO