Frakt
The Frakt protocol enables users to turn their NFTs into liquid assets by utilizing them as collateral for loans. Users can obtain $SOL and $USDC liquidity by using their NFTs or pool tokens as security. They offer both perpetual loans (with dynamic interest) and flip loans (with fixed interest for a brief period). Peer-to-pool lending allows users to earn interest on their $SOL, which can be converted to $USDC. Their “Initial Liquidity Offering” (ILO) solution guarantees post-mint liquidity, which helps avoid rug pulls.
