NFT LOAN

• Link to the Dapp
• Small Explanation about this Contract

• For testing users can mint some dummy NFT using this site

Dapp Flow

• Users can request for loans by putting up their NFT as collateral
• The NFT is transfered to the contract on loan listing
• Other users can look at the NFT details and lend money to the borrowers
• If the borrower repays the money(with added interest), he can claim his NFT back
• If the borrower fails to repay the money in the specified duration, the lender can claim the NFT