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WEB3 3.0 WINNER
Frakt
The FRAKT protocol is a DeFi x NFT protocol that makes NFTs liquid, using the Solana chain.
What
is
Frakt
The Frakt protocol allows its users to make their NFTs liquid by using them for collateral on loans. Users can get $SOL and $USDC liquidity using their NFTs or pool tokens as collateral. They have both perpetual (dynamic interest) and flip loans (fixed interest for a short duration). Peer-to-pool lending lets users earn interest on their $SOL, which can be swapped for $USDC. Their “Initial Liquidity Offering” (ILO) solution also ensures post-mint liquidity, which prevents rugs.
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