WeRent is a service that allows users to borrow NFTs using USDT as collateral. WeRent will launch WeRent-Fi, a service which will allow users to borrow ETH, KLAY using their NFT as collateral.
WeRent-Fi is an NFT flash loan service. The loan borrower (NFT holder) can receive an NFT flash collateralized loan based on the liquidity of the WeRent-Fi DAO pool. NFT flash collateralized loans use liquidity within the DAO pool, having the convenience of loans without waiting for the long process and approval.
The borrowers (NFT holders) can take out a flash loan up to 30% of the NFT’s floor price.
You can supply liquidity with ETH, KLAY, etc. to the WeRent-Fi DAO pool and earn interest.
You can repay the loan at any time during your loan period and receive your NFT back.
WeRent-Fi DAO pool deposits ETH, USDT, KLAY, etc., and service users can provide liquidity for flash-backed loans. Liquidity providers can earn a return on the interest when the borrower pays off the flash loan with interest.