What is Unlockd?

Instant, safe loans against your NFTs while keeping their utility.

Unlockd is a decentralized non-custodial liquidity protocol where users can participate as depositors or borrowers.

It is, at its core, a set of smart contracts deployed to the Ethereum Mainnet, where depositors provide liquidity in the form of ERC20 tokens in order to earn a passive income, while borrowers are able to receive overcollateralized loans by setting their non-fungible ERC721 assets as collateral.

Who uses Unlockd?

Unlockd is the protocol that unlocks the full liquidity and utility of the digital assets economy.

Our lending and borrowing market allows DeFi, Art, Real-World and Gaming users to enjoy extra liquidity while holding their NFTs with an NFT-backed, secure and instant loan.

World-class guilds, DeFi users, investment DAOs and seasoned collectors use Unlockd to improve the efficiency of their portfolios, preserve their capital and stay liquid to invest in new opportunities or cover unexpected expenses without selling any of their NFTs.

Everything you need to know, in a nutshell.

• In Unlockd, lenders deposit their assets in pools to receive yield in exchange for their liquidity contribution. This is a Peer-To-Pool model, more efficient and fair than other Peer-To-Peer models.
• Borrowers take permissionless loans, with no fixed expiration date, instantaneously, with a fair interest rate, and against their NFTs — if they are part of the eligible collections. These loans will operate cross-chain in the future, so the collateral and the borrowed tokens may reside in different chains.
• The accrued interest is used to pay lenders’ yields. Currently, there are no fees applied to transactions. In the future, such fees will be included, and used to distribute rewards to token holders and grow the DAO treasury.
• We are working in a 'True Ownership' feature, still in development: Borrowers maintain 100% of the utility of their NFT by still owning their collateral, which means that they will remain eligible for potential drops and will continue to have access to all the advantages they enjoy when they are not using their NFTs as collateral. Of course, they won't be able to sell or transfer the NFTs while being used as collateral.
• The NFT price assessment is performed externally by world-class appraisal partners that use Machine Learning to price individually each collateral, without using floor prices. We use multiple sources of data blended into our own models.
• The Unlockd protocol of smart contracts is robust and secure (audited by Halborn, world-leading firm) and doesn't rely on features that have being proven failure points in other NFT-backed lending protocols (i.e., asset bridges). Our source code is open-source and peer-reviewable.
• To ensure the utmost security also in terms of market and counterparty risk, the Unlockd's Data Science team has developed a custom Risk Framework that develops in-depth mathematical models to cover Asset and Liquidity risks and provides a Dynamic Loan-To-Value for each independent NFT depending on multiple ingested variables.
• A robust Liquidation Process has being designed to minimize liquidation friction and have multiple independent liquidation options to always choose the optimal route that brings the best outcome to the users of the protocol.
• Unlockd is in its path to decentralize progressively to the Unlockd DAO, with fair tokenomics and a governance model that follows that of the best decentralized protocols out there. Our Policy Team ensures that Protocol, Market and Incentives Policies are always aligned with our users' best interests.
• Unlockd is backed by world-class investors ($4.4M seed round) and trusted by dozens of gaming guilds with hundreds of millions of dollars in AUM. Our tech ecosystem is formed by multiple infrastructure partners that integrate our lending solution into marketplaces, rental protocols and other innovative NFT finance products.
• Unlockd has sold out its genesis NFT collection, 3500 NFTs that bring to life the universe of Unlockd and serves as a vehicle for forging lasting bonds with community members while allowing them to be early testers and receive unique rewards.
• You can join our +70,000-member community and follow us in 7 different social media channels.