VAFi - NFT Lending Protocol
VAFi lets you lend or borrow NFTs from any collection with just a click. You make money as a lender. You get cash on-demand as a borrower.
Last updated
VAFi lets you lend or borrow NFTs from any collection with just a click. You make money as a lender. You get cash on-demand as a borrower.
Last updated
You can imagine that VAFi is a fun and fair game of NFT loans. As a borrower, you can use any NFT from the collection to get some dough. And lenders can bid on a secret NFT from the verified collection. We make it a breeze, so you can have a blast with NFT lending and borrowing. Try VAFi and see what NFT loans can do for you.
Some games are like a pie: if you get a bigger slice, someone else gets a smaller one. Those are zero-sum games. But what if you could bake a bigger pie for everyone? That’s VAFi’s mission.
We matches Lenders who love to make money with Borrowers who need money (and have some awesome NFTs). It’s a win-win situation. And if the Borrower can’t repay the loan, the Lender gets to keep the NFT, which is worth more than the loan anyway. How cool is that? Keep reading to learn more.
If you’re still confused about VAFi’s mechanism. Chill, we have a super easy example that will clear up all your doubts.
In the above example, you can see that VAFi lets you keep your NFT in your wallet during the loan, even though you use it as collateral. It’s like taking a bank loan against a house, but you still get to live in it (unless, you lose the house if you fail to pay the loan back). So we want to give you the same perk with your NFTs.
You can still party with your DAO, vote in governance, get airdrops, get in-game goodies for gaming NFTs. We don’t want you to miss out on your community.
During the loan period, you can’t transfer the NFT, so think of it as being on wallet-house arrest. If you don’t pay the loan, it will be grabbed by the lender automatically. If you do, the wallet-house arrest is over, and your NFT is free.
The starting loan duration will be 7-14 days.
Please note that the numbers shown here are for illustration purposes only.
Lenders look for annual percentage yield, or APY. The higher the better, because that means more moolah for successfully offering a loan. Usually higher APY means higher risk.
For anyone who knows their NFTs, they can lend with minimal risk, and make the most dough on VAFi than anywhere else.
Note: The APY may be changed to meet the market demands. However, it never goes below 30%
VAFi values your experience. Borrowing money should be enjoyable. Making money should be amazing. Our team is dedicated to making VAFi the best choice for you.
VAFi values your time. No one has the energy to negotiate over the loan price. The opportunity may slip away in the meantime. The value of the NFT can fluctuate if it takes too long. The old Peer-to-peer lending models are outdated and slow.
VAFi values your knowledge. The best part of a decentralized loan platform is that you, the savvy community, set the terms. Pool lending models are too rigid and may not give you the best value for your money.
VAFi values your security and trust. VAFi is built on smart contracts that ensure the reliability and honesty of every transaction. Your NFTs are securely locked in a non-custodial escrow until you repay the loan. Your loans are backed by collateral that ensures the repayment. You can borrow and lend with assurance and comfort.
Looking for some cash and have an NFT to offer? No biggie! Just follow these quick steps:
Drop your NFT on our platform and tell us how much you need, for how long and at what interest rate.
Spot your loan on the platform and wait for a nice lender to send you cash. Chill, VAFi will get the best deals for you.
Pick the loan that fits you best and lock your NFT for the loan term.
Pay back the loan plus interest and retrieve your NFT. A breeze!
But be warned: if you don’t pay back on time, your NFT will go to the lender!
That’s it! You’re good to go to enjoy the advantages of NFT lending with VAFi! 🍌🐒