Arcade is built on the Pawn Protocol, an infrastructure layer for NFT liquidity that enables the financialization of non-fungible assets, commonly referred to as non-fungible tokens, or NFTs.
NFTs represent a revolution for storing value and attributing ownership of unique assets in the metaverse and the creator economy.
Save gas fees by depositing multiple assets into a basket and minting a single Wrapped NFT (wNFT). Transform your CryptoPunk collection into a Wrapped CryptoPunk and leverage them as a singular piece of collateral.
Borrowers can make loan requests setting terms such as type of funding cryptocurrency (ERC20), loan duration, and interest percentage, for term loans of at least one day in duration collateralized by their wNFT.
Lenders can make loan actions for loan requests that are open to actions. Borrowers can seamlessly settle a loan by accepting a loan action trustlessly since the Lender has approved the funding amount for those terms to the protocol.