Links

Introduction

Our mission is to empower users with financial tools that create opportunities while prioritizing risk management.

What's DeFrag?

​DeFrag is a lending protocol where borrowers can use crypto assets as collateral to get an instant loan.

How it Works:

👉 Visit https://defrag.fi​
1️⃣ Deposit eligible collateral assets.
2️⃣ Choose how much USDC you would like to borrow.
3️⃣ Repay anytime to withdraw your collateral.

Eligible Collateral:

Asset
Type
ERC-20
​Smol Brains​
ERC-721
​GMX Blueberry Club​
ERC-721
​Genesis Legions​
ERC-721

Benefits of using DeFrag:

  • ​Borrow at near 0%: when your keep your Loan-to-Value ratio below 20%.
  • ​No utilization APR% spike: your cost of borrowing (APR) is based on your LTV and is not affected by the current utilization ratio of the pool. In other words, your APR won't go up just because others are borrowing more from the pool. The healthier your loan the lower your APR.
  • ​Earn USDC: supply to one of the underwriting pools to start generating fees from borrowers.
  • Instant liquidity for NFT collateral: borrow USDC instantly against your NFT assets without negotiating peer-to-peer loan terms.
  • Ability to utilize collateralized NFT assets in-game: Smol Brain NFTs continue earning IQ in school.

👷 Core contributors:

⚒️ Want to get involved?

👉 Join our Discord.
​
DeFrag is an experimental project. DeFrag is not providing any investment advisory or recommendation service. By using DeFrag you agree that you are using the services at your own risk and that you will not and do not hold DeFrag or its core team members liable should the services not perform as per your expectation. DeFrag is not a licensed financial advisor under any law. Please consult your own independent investment advisor before making any investment decisions.
Last modified 3mo ago