Frakt

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.