Frakt

The Frakt protocol introduces a groundbreaking feature that enables users to unlock the liquidity of their NFTs by utilizing them as collateral for loans. By leveraging their NFTs or pool tokens, users can access both $SOL and $USDC liquidity. The protocol offers two types of loans: perpetual loans with dynamic interest rates and flip loans with fixed interest rates for a short duration. Additionally, through peer-to-pool lending, users can earn interest on their $SOL, which can be easily exchanged for $USDC. To ensure a seamless experience, the protocol’s “Initial Liquidity Offering” (ILO) solution guarantees post-mint liquidity, effectively preventing any potential rug pulls.