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Escrow-free peer-to-peer lending on Solana: borrow SOL against your NFTs via a lender order book.
Sharky.fi is a peer-to-peer lending protocol on Solana that lets NFT holders borrow against their NFTs. Lenders post loan offers against specific collections and compete on an order book; a borrower takes an offer by locking one NFT from that collection as collateral.
Loans are escrow-free: the collateral NFT is frozen in the borrower's wallet rather than transferred away. If the borrower repays the principal plus interest by the due date, the NFT unfreezes automatically. If they default, the lender can foreclose and the NFT transfers to the lender's wallet. Loan terms are short, typically around one to two weeks.
The protocol launched on Solana mainnet in April 2022 and runs a dual-token model: FISHY as a utility token and SHARK as a governance token, the latter introduced roughly two years after launch.
RT @Jjilla1458: @SharkyFi @otcdotcash thanks i appricate this. I was the one who sent the email to get it approved and in discord i asked g…
RT @hodlysol: @SharkyFi rewards its holders https://t.co/a4PRzoDtjA
Get liquidity for your NFT while it stays in your wallet, no need to sell -- borrow to buy more. You get both sides of having the NFT, it's like Hey! we're cousins... Move along, nothing to see here. @retardioclassic https://t.co/9csba3Qlcm
RT @Wizard_Of_Alpha: New Advanced Indicator Free For All 🎯 https://www.tradingview.com/script/JWs5A6oH-Volume-Profile-Desk/ #TradingMindset #cryptocurrency #TradingEdge https://t.c…
Solana Deads can access liquidity on sharkyfi, the NFT stays frozen in your wallet for gated communities and airdrops. @SOLANADEADS Try it for borrowing and lending. https://t.co/vSmqAnR9tW
Community sentiment on Sharky is mixed. While some users express concern about predatory lending practices, others praise its functionality and recognize it as a valuable NFT collateral protocol similar to successful Solana models being replicated on other chains.
Wow esto sería exito en Hedera.. Estamos hablando del primer protocolo de borrowing en Hedera a lo @SharkyFi de Solana.. Tiene muchísimo sentido que este tipo de proyectos con la popularidad que esta atrayendo los Dead Pixels en Hedera haya la necesidad de crear protocolo que capitalice los nfts de valor y puedas pedir un préstamo. Y la verdad este tipo de protocolos tienen muchos desafíos porque requiere de una infraestructura de monitoreo de floor prices, cualquier bajón del floor puede liquidar a cualquiera mas rápido que solo usar tokens como colateral. Asi que veremos como este protocolo se va ir madurando 🧐
@solanabrokers Ummm so another predatory loan service like @SharkyFi unless you guys want to be different and make some changes to the scumbag standards everyone follows. Now i could be completely wrong cause i haven’t done my research yet but just assuming it will be like them..
@WolfCapital_ @SharkyFi @PoisedM1 Great work! It works flawlessly
@WolfCapital_ @SharkyFi @PoisedM1 🐺💰 https://t.co/waglnrVHZU
