what's nftfi?
NFTfi is a decentralized protocol that enables users to borrow and lend cryptocurrencies using Non-Fungible Tokens (NFTs) as collateral. It operates on Ethereum and supports a wide range of NFT collections, allowing borrowers to access liquidity without selling their assets. Lenders can earn interest by providing stablecoins like wETH, DAI, or USDC, while the protocol's peer-to-peer model ensures no automated liquidations—instead, loans are settled through manual processes or extensions to protect borrower assets. The platform emphasizes accessibility and inclusivity, listing over 350 NFT collections to cater to diverse portfolios. Users interact via a user-friendly interface where borrowers list loans with custom terms, and lenders browse opportunities based on risk and yield preferences. NFTfi also integrates with other DeFi ecosystems, enabling seamless participation in broader liquidity markets. Technically, NFTfi uses smart contracts to escrow NFTs during loan periods, releasing them upon repayment. It avoids traditional DeFi pitfalls like flash loan exploits by focusing on non-custodial, trust-minimized interactions, fostering a secure environment for NFT-backed finance.
nftfi's market share grew to 11% by Jan 2026, with a new dApp and RWA expansion planned.
contract
ethereum
Plans to launch a brand new dApp in the coming weeks.
Expanding into real-world asset lending with partners including Fabrica.
Lil Pudgys loan activity reaches 80 new starts over the past 72 hours, including 40 loans on the most recent day.
The platform processes 66 new loans in a single day across major collections: 38 Lil Pudgys, 11 Doodles, 10 Mutant Apes, 4 Pudgys, and 3 BAYC.
The platform holds $82k maturing across 52 Koda loans after 8 successful refinances, establishing leadership for Yuga Labs assets including OthersideMeta, BAYC, and Mutants.
9 expired CryptoPunks loans are successfully renegotiated, reducing the CryptoPunks default count to zero following a recent price correction.
A borrower refinances a 3D CryptoPunk loan from 15% to 12.5% eAPR using Cross-Protocol ReFi, saving 1 ETH annually, as lenders offer lower rates due to 15% fee savings versus competitors and borrowers migrate existing loans to the platform.
NFTfi Rewards Season 5 wraps up on November 15, 2025, with a claim event coming soon for participants.
Cross-Protocol ReFi feature goes live, enabling borrowers to refinance loans from other protocols without full repayment at 0% fees versus competitors' 15% fees. Blur integration is teased as upcoming.
Outstanding debt increases from 8.56M to 10.31M (+20%) in one week while the total NFT lending market debt declines 2% and all competitors show negative growth (Blend -9%, Arcade -14%, Gondi -3%, X2Y2 -16%, Zharta -2%).
USDC represents 45% of all outstanding loans on the platform, with a recent CryptoPunk loan unlocking 100K USDC at 14% APR.
Bored Ape Yacht Club assets unlock new liquidity in past 24 hours including a bowler hat ape loan and a bundle refinance containing a gold grill ape plus 2 mutants.
Multiple CryptoPunk loans initiated and refinanced in past 24 hours at 35-45 wETH and 14% APR, with platform outstanding debt crossing back into double-digit millions.
Platform announces partnership with Ethos Network to integrate reputation scoring protocol, enabling better lending terms for borrowers with strong on-chain reputations and transparent risk gauging for lenders.
Platform's locked-in loan structure protected borrowers during a recent flash crash, with loans remaining stable through market volatility.
Platform supports all Art Blocks collections including Fidenza and Quine, with a recent Fidenza refinancing transaction unlocking $53k liquidity at 23% APR for 45 days.
Platform supports 357 collections for borrowing and lending, demonstrating extensive coverage across the NFT ecosystem for collateral-based loans.
New collaboration with PunkPredictor launches dashboard covering over 9,000 loans including platform loans with rare-trait Punks pricing data.
Platform confirms it remains unaffected by recent NPM supply-chain attack with loans continuing to originate and refinance safely.
Platform demonstrates ENS lending dominance with $178K in maturing loans across 13 domains, featuring 90-day grace period protection.
$165k USDC loan secured against rare NFT demonstrates continued high-value lending activity.
New aggregator reaches $183k in refinanced loans while eliminating manual repayment steps.
New lending aggregator enables cross-protocol refinancing with zero fees and unified market view.
Platform supports unwrapped CryptoPunks lending with recent 70 wETH loan activity through standing offers.
Platform expansion to Neutron and Astroport announced, with whitelist priority for Astroport users.
Refik Anadol Studio launches Biome Lumina: 1,000 on-chain AI artworks with dedicated lending market.
New badge system launches on Osmosis Zone, enabling users to earn Alloyed BTC rewards through on-chain participation.