NFTfi Technical Briefing

About NFTfi

NFTfi.com is a simple marketplace for NFT collateralized loans that allows you to put your NFT assets up as collateral for a loan, or offer loans to other users on their non-fungible tokens. Technical briefing by Stephen Young & SJ Powell.

Overview of Briefing

0:00-0:33

Stephen Young will be presenting this technical briefing and starts off by introducing NFTfi.

0:33-1:12

Stephen will take us through the demo as a borrower.

On the homepage of NFTfi, we see all the assets that are associated with that account. Stephan uses an asset he owns on this demonstration account.

1:12-2:29

We see that this owned asset can be listed as collateral. Stephen shows us how the user can list the NFT for a crypto loan value with a chosen duration, between the choices of 7, 14, 30, and 90 days.

To finalize the listing, the asset owner signs a MetaMask transaction.

2:29-2:56

Stephan then moves us into the lender view.

We see all the assets that have been listed.

2:56-3:37

As a lender, you can make an offer on a chosen asset.

Stephen goes through an example of what a lender would do to transact a listed asset. Once a lender sends an offer, the borrower can go in and accept that offer.

3:37-5:04

Stephen jumps back into the borrower’s account to show that side of a transaction.

We then see the example transaction pan out and how the listing process from start to finish works. 

5:04-5:24

Stephen explains how the repaying process works and explains that NFTfi takes a 5% cut on the interest made from the transaction.

In an event the borrower does not pay back the loan, the lender keeps the asset.

5:24-5:47

Stephen closes out the technical briefing with NFTfi success since its beginning in June 2020.

Sponsors

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