Decentralized Lending Platform
Decentralized lending and borrowing platforms allow users to use NFTs as collateral to lend and borrow loans. NFT lenders can use NFTs historical value and additional context information of the digital assets to help them make conversant decisions.
Smart Contracts of the NFT lending and borrowing platform acts as escrow by handling the total process, from facilitating loans to identifying bad loans. We create a fully operational lending platform that allows NFT owners to lend and borrow funds with their tokens as collateral over the smart contracts. Our robust lending protocols can handle NFT liquidity at ease.
Why NFT Lending and Borrowing platforms
Many NFT users have digital assets in their wallets that are not used unless they use them for a game or interact with a specific platform. So, rather than sitting idle in the marketplace users can lend their assets to others and earn money. An NFT lending and borrowing platform is a great idea where it allows users to obtain loans by putting their assets as collateral or lease assets to other users within the platform. User can leverage their assets and have access to liquidity by retaining their ownership of the digital assets.
NFT Lending Platform Development
Non-Fungible Tokens have exploded in recent times and are attracting users in an ever-increasing form from digital arts to music, videos, sports, etc. NFTs are also helping the lending markets to grow its financial models. The NFT Lending platform allows users to earn income by creating and lending NFTs to others users. There is an exponential growth in crypto lending platforms. Our blockchain experts develop NFT lending and borrowing platforms that permit users to leverage their NFTs. Connect your lenders and borrowers with a fully decentralized NFT based lending software.
Ethereum NFT Lending and Borrowing development – Use Cases
Nowadays, many NFT lending solutions are offering their users an option to borrow funds by lending their NFTs as collateral. Taking NFT based crypto loans is easy than a bank loan. There are two use cases for lending and borrowing platforms to lend or borrow NFTs:
Borrow: In case of borrowing a loan, put any ERC-721 token up for collateralization. You have to wait for the best loan offer before borrowing a loan.
Lending: In case of lending a loan to anyone, discover a suitable NFT and submit your proposal (loan value, repayment loan, and time)
Our NFT Borrowing Platform Development Process
We are a Top-most NFT lending and borrowing development company, we have a transparent process to create NFT lending software. We have a crew of blockchain developers who are vast experience in blockchain-based NFT platform development. We allow our clients to have complete control of the processes within their projects.
In this phase we gather requirements from the client and evaluate them. We work on the ideation of the project. Our experts perform R&D and business case analysis on the project requirements.
Our designers come with an in-app flow and user flows, they design a user-oriented look and design. They build a core contract functionality to test the solution’s feasibility.
Development & QA
Our blockchain experts build a security model, back-end and front-end engineering, create APIs, gateways, and content. They do manual and automated testing, handle external audits.
Publish & support
After confirmation from the client, we launch the NFT Lending software in the marketplace. We provide post-launch support to our clients.
Why Shamla tech?
We design our service around keeping your costs low and your profits high, saving you time and also making sure that the solutions we deliver will have a tangible, positive impact on your business.
24×7 customer support
Qualified team of professionals
Decade of experience
Affordable price quotes
WE REDEFINE THE STATURE OF BUSINESS WITH ROBUST AND EXCEPTIONAL BLOCKCHAIN BASE
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We approach every client with a view of building long-term partnership. We focus constantly on meeting clients’ expectation and delivering solutions with absolute transparency