Drops

What is Drops

Drops is an NFT lending service that allows users to borrow against their NFTs.

What is Drops?

Drops is an NFT lending service that allows users to borrow against their NFTs. The Drops Ownership Power (DOP) is the governance token for voting and staking purposes and can be used to take our short-term loans. Drops compensates clients with dNFTs, which are interest-less tokens that can be swapped for their underlying assets. Drops NFT loans follow a four-step process, selecting the lending pool, supplying collateral, borrowing against the NFTs, and managing credit. 

Drops Alternatives:

Arcade
Arcade

Arcade allows users to underwrite fixed-rate term loans using NFTs as collateral.

Astaria
Astaria

Astaria is an NFT platform that allows users to access liquidity.

Balloon
Balloon

Balloon protocol allows its users to deposit and earn interest on NFTs.

Bailout
Bailout

Bailout, an NFT lending platform, allows users to lend and provide liquidity and acquire NFT loans.

BendDAO
BendDAO

BenDAO is a peer-to-pool lending service allowing users to put NFTs up in exchange for ETH.

Cyan
Cyan

Buy Now, Pay Later for the Metaverse.