Honey Finance
Honey is aimed at empowering NFT collectors with simple financial tools to participate in DeFi.
All edits by Giorgiy Chidzhavadze
Edits on 11 Apr, 2022
Giorgiy Chidzhavadze
Edits made to:
Article (+598 characters)
Article
Honey Finance is a cross-chain protocol for NFT lending/borrowing. The protocol also features NFT pools and NFT yield farming with the $HONEY token.
DAOs can use Honey to create lending markets for NFT collections, allowing lenders and borrowers to match in isolated risk markets (IRMs). Loans are set using a variable interest rates defined by how much liquidity is available to borrow.
The $HONEY token serves as governance for the project and can be vested into veHONEY. Honey genesis NFTs receive part of all the yield generated by the platform and have access to early and experimental features.
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