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What is Whitehole Finance?

말년핑 2023. 3. 11. 00:35
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Whitehole Finance allows users to borrow against their own assets as collateral in the Money Market. NFT lending works by using NFTs as collateral to borrow ETH, and the health of the loan is judged based on the quantity of ETH, not the dollar value. NFT and ETH markets use the same pool, but the NFT market tends to be more volatile. If the floor price of the collateral does not cover the debt, it becomes available for auction. Users can claim the reward of the NFT loan in the Vault. Whitehole Finance only supports the GRV-USDT swap pool, but plans to release a Multi-asset Dex in the future. Detailed guides are available for borrowing and making loans with NFTs.

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