README.md

NFT Collaterized Loans

P2P NFT Collaterized Loans on Solana

How Does It Work?

1. Borrower Locks NFT + Additional Collateral (In Stablecoins)
2. Borrower Places an Order
3. Lender Looks At The Orders
4. Selects The Order (Program Internally Transfers Money From Lender to Borrower)

5:

If Borrower Pays Loan Amount + Interest Before Repayment Deadline, The Borrower Receives The Collaterals

If Borrower Doesn't Pay Before Deadline, The Lender Gets Rights To Withdraw Borrower's Collateral

Sidenote:

In case you found this useful, feel free to send some $SOL to gajesh.sol