Honey is empowering NFT collectors with simple financial tools to participate in multichain DeFi.
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Honey Finance allows users to obtain instant liquidity on DeFi's most illiquid assests, enabling loans to be issued in the metaverse.
Borrow from pools of liquidity at a variable interest rate
Lenders earn yield by single staking WETH or USDC, while borrowers can take out loans with their NFTs as collateral.
Honey also enables tokenised structured products to be collateralised, creating a new layer of liquidity for financial derivatives.
Earn yield by securing the protocol's liquidations. Yield vaults receive insurance premiums from lenders to protect their capital.
Earn yield by staking NFTs for collection rewards.
Earn rewards for directing liquidity across our markets.
Capital locked up in NFTs is missing out on all of the opportunities in DeFi.
Unlocking liquidity from NFTs allows you to earn yield, or participate in the next NFT mint.
NFTs cannot be traded easily. Borrowing against an NFT in your collection means you no longer have to sell it!
Collateralisation also means less listings, reducing the volatility of supported collections.
Borrowing against NFTs allow collectors to profit from rising prices without needing to cash out early.
No need to flip NFTs, you can now invest in the long term without sacrificing your liquidity.
Honey allows lenders to deposit capital into pools of liquidity in return for yield.
Borrowers deposit NFT collateral to withdraw capital from lending markets.
Interest accrues on the borrower's debt. It must be repaid to withdraw the collateral.
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 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.