Instant Liquidity
for your NFTs
Borrow ETH and DAI using loans that auto-refinance.
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
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 👇
In-progress - Q3.2022
In-progress - Q3.2022
Who’s Building?
TEAM
Kevin Seagraves, CEO
Fmr. Gitcoin, BCG
Zach Herring, COO
Fmr. Consensys