Lending and borrowing for NFTS
Honey empowers people to monetise their most valuable assets by connecting them to global markets
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 yield by single staking WETH or USDC, while borrowers can take out loans with their NFTs as collateral.
Honey enables tokenised structured products to be collateralised, creating a new layer of liquidity for financial derivatives.
Yield Vaults (coming soon)
Earn yield by securing the protocol's liquidations. Yield vaults receive insurance premiums from lenders to protect their capital.
NFT Pools
Earn yield by staking NFTs for collection rewards.
$HONEY Liquid Assets in DeFi
Earn rewards for directing liquidity across our markets.
NFT Liquidity Solution
Opportunity Cost
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.
Non-fungibility
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.
Unrealized Gains
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.
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.