Welcome to Flowty!
Flowty is a peer-to-peer (P2P) collateralized NFT lending marketplace that enables borrowers to access liquidity using Flow-based NFTs as collateral and lenders to generate interest income by funding loans secured by NFTs
Borrower selects an NFT, enters a Loan Amount, Loan Rate, and Duration and submits a new listing to the marketplace
Lender identifies a listing that he or she believes offers adequate compensation for the loan’s risk profile and funds the loan
If Borrower repays the loan before expiration, collateral is automatically transferred to Borrower. If Borrower does not repay the loan before expiration, collateral is automatically transferred to Lender