# Introduction to JPEG'd
## The only Peer to Protocol NFT Lending service
***
JPEG’d is a decentralized lending protocol that allows users to obtain loans using non-fungible-tokens (NFT) as collateral. Loans can be in pETH (the Ether synthetic of JPEG’d) or PUSd (the stable synthetic of JPEG’d) and have a max loan-to-value (LTV) ratio of 70% [(including boosts)](https://docs.jpegd.io/jpegd-dao/about-the-lending-protocol/jpeg-locking-mechanics). In essence, JPEG'd empowers users to leverage their NFTs and unlock liquidity without ever selling.
The protocol is governed by the $JPEG token, which oversees, administers, and changes parameters.
JPEG'd is completely permissionless, decentralized, and is not controlled by any central entity. JPEG's mission is to bridge the gap between DeFi and NFTs by eventually allowing holders of any NFT collections to obtain a line of credit.
JPEG'd offers a unique **Peer 2 Protocol** lending mechanism, similar to Maker DAO's and DAI. This allows instant borrow and opens up unique yield opportunities for NFT holders.
## Why JPEG'd?
JPEG'd lets you do more with your NFTs
## **Users Benefits**
1. Use your NFTs to borrow pETH or PUSd.
2. Instant liquidity, no need to wait for pairing
3. Perpetual fixed terms loan all the time
4. The lowest NFT lending borrow rates (starting from **2%** yearly)
5. Unique rare traits valuation on selected collections
6. Liquidation Insurance
7. Optimized UX for large NFT holders
8. Unique yield opportunity with pETH/WETH and PUSd/3CRV Curve pools
9. Telegram notification bot for easy position monitoring
10. DeFi standard Chainlink oracles
Borrowing on JPEG'd is capital efficient, worry free and convenient.
## Useful Links
* Discord:
* Telegram:
* Twitter:
* Medium:
* Youtube:
* Coingecko:
* CoinMarketCap:
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