Lending and borrowing for NFTS
Create lending pools by pairing any NFT and any fungible token together.
Borrow against your NFTs
Honey Finance allows users to obtain instant liquidity on DeFi's most illiquid assests, enabling loans to be issued in the metaverse.
NFT Loans
Borrow from pools of liquidity at variable interest rates.
Lenders earn high yields by providing liquidity to illiquid assets. Borrowers obtain liquidity for their non-fungible tokens.
Collateral on Honey is arbitrary, allowing structured products, yield vaults, bonds, etc. to be collateralised. This creates a new layer of liquidity for financial derivatives.
Insurance Vaults (coming soon)
Earn yield by securing the protocol's liquidations. Yield vaults receive insurance premiums from lenders to protect their capital.
Hivemind
Honey Labs is building Hivemind, a multi-chain pricing product for NFTs.
$HONEY Liquid Assets in DeFi
Earn rewards for directing liquidity across our markets.
Honey Finance
Liquidation Protection
Lenders no longer have to worry about receiving bad collateral. The protocol aggregates liquidation routes.
Low Rates
No more 200%+ peer-to-peer rates for borrowers.
Borrowers are no longer limited by high interest, fixed term loans.
Permissionless
NFT lending should be for everyone, and every collection, not just bluechips. Honey supports all NFTs as collateral in a lending pool.
TVL
...
NFTs Deposited
...
Daily Transactions
...
DegenApe
ESe...DuH
Avg. Value
168 SOL
DeGods
@HGE.sol
Avg. Value
288 SOL
Phunk
0xD62...5a5
Avg. Value
1.0324 ETH
Azuki
0xFa0...2A0
Avg. Value
10.03 ETH
How it works?
Read Docs
Liquidity
Honey allows lenders to deposit capital into pools of liquidity in return for yield.
Collateral
Borrowers deposit NFT collateral to withdraw capital from lending markets.
Borrowing
Interest accrues on the borrower's debt. It must be repaid to withdraw the collateral.
Honey DAO
Governed by veHONEY, the DAO allows stakeholders to vote on strategy, treasury, emissions and risk parameters for the protocol.
The DAO allows open source contributors to participate in the development of Honey Finance, paying bounties and incentives to its builders.
Honey Labs
Honey Labs builds the protocol and proposes changes to the DAO. It is tasked with overseeing day to day operations and version updates.
Honey Labs also develops privatised lending markets for institutions looking to trade with NFT collateral.