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Instant Liquidity
for your NFTs

Borrow ETH and DAI using loans that auto-refinance.

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Collateralized Lending 🤝 Harberger Auctions

Under
The Hood

The NiftyApes protocol is powered by an entirely unique mechanism called Harberger-style auctions (HSLAs).

HSLAs Enable

💧 Instant Liquidity & 🧙 Auto-magic Refinancing with
🚫 No liquidity fragmentation

HowItWorks

How It Works

1

Offers Are Made

Lenders lock capital in the NiftyApes protocol and sign standing offers on collections and assets.

2

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.

3

Auto-Magical Refinancing

Other lenders can refinance the loan with better terms. The loan is automatically upgraded, and the original lender is paid the interest + 50bps premium.

4

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

SECURITY

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 👇

Quantstamp

In-progress - Q3.2022

Sherlock

In-progress - Q3.2022

Who’s Building?

TEAM

Kevin Avatar

Kevin Seagraves, CEO

Fmr. Gitcoin, BCG

Zach Avatar

Zach Herring, COO

Fmr. Consensys

👀 Check Out Our Open Positions 👀