Defrag
The Defrag protocol secures NFTs using a mechanism known as a Put Option. This enables users to secure a loan using their NFTs with precisely assessed risk. Owners of an NFT will possess a share in the initial Underwriting Pool, enabling them to earn premiums and access the realm of NFT collateralized loans. The platform additionally enables fractional borrowing via smart contracts, which produce a fixed number of tokens associated with the original.
