Introduction
About the JPEG'd lending protocol
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). 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.
Last modified 3mo ago