Banx.gg delivers a decentralized NFT lending solution on the Solana blockchain. As the first protocol to offer perpetual peer-to-peer NFT loans, Banx enables NFT holders to borrow SOL with customizable terms, including loan duration, value, and interest rates. Borrowers retain the flexibility to repay loans at any time.
Lenders on the platform receive real-time yields via interest payments and refinancing opportunities, and the protocol is built to foster what it refers to as a “true DeFi” experience. The system is designed to incentivize repayment and sustainable lending practices while also preserving creator royalties. Banx.gg’s approach introduces new utility for NFTs within the DeFi landscape on Solana.