NFT Collateralized Lending Market leveraging a novel 3 Actor Model.

Astaria is an on-chain NFT lending platform that aims to provide a seamless experience for the native DeFi user. The Astaria protocol allows Strategists to publish loan terms through Vaults, which can accept capital from liquidity providers to be lent to borrowers. Competition between Strategists ensures that borrowers have access to competitive market rates and terms.

The Astaria protocol uses the three-actor model to provide instant liquidity to borrowers and provide competitive yields to liquidity providers. The model is built around three classes of users:

  • Strategists deploy vaults with a list of loan terms matched to supported NFTs. For example, one strategist may allow a 10 ETH loan with a 10% interest rate to be taken out against a specific NFT for one month. These terms can be continuously updated as markets fluctuate, and borrowers can refinance to take advantage of more favorable terms. Any strategist may provide their own capital to fund these loans through their own PrivateVaults, and whitelisted strategists can deploy PublicVaults that accept funds from other liquidity providers. (PublicVault whitelists are only enforced at the UI level.).
  • Borrowers take out loans against NFTs according to loan terms provided by Strateigsts.
  • Liquidity Providers earn yield on funds provided to PublicVaults.

To learn more about Astaria, read their docs.