Arcade.xyz allows NFT holders to get a loan on their NFTs by listing them on the Arcade Loan Marketplace. NFT holders can set desired loan terms on their listing - including principal, repayment, duration, and token type. Setting terms enables lenders to start a loan instantly on their listed NFTs. Users borrowing on the platform can access liquidity instantly with Smart Vaults which also enable multiple NFT loans, airdrops claims, wallet delegation and more. Borrowers with active loans on Arcade.xyz can also leverage loan extensions by only paying the interest on their current loan and the difference in principal loan value between the old and new loans. This feature enables holders to perpetually borrow on their NFTs.
NFT holders can list and set desired terms on individual NFTs on Arcade.xyz and receive loan offers from lenders on the Arcade Loan Marketplace.
Smart Vaults enable NFT holders to unlock the maximum utility of their NFTs on Arcade.xyz. NFT Holders can mint Smart Vaults and receive an ownership token to their connected wallet. Once minted, one or more NFTs can be deposited into the Smart Vault enabling features such as instant liquidity, multi asset loans, delegation through Delegate.Cash, and APE staking.
From a borrowing perspective, Staking Vaults operate in the same manner as standard Vaults - after staking eligible assets have been deposited, Staking Vault holders can deposit non-staking eligible assets, set terms, and accept offers on Vaults to obtain liquidity.
Borrowers with active loans on Arcade.xyz can also leverage loan extensions by only paying the interest on their current loan and the difference in principal loan value between the old and new loans. This feature enables holders to perpetually borrow on their NFTs.