Сreated in November 2020 Arcade.xyz is a web interface for interacting with the Arcade DeFi protocol, which provides liquid lending markets for NFTs on Ethereum.
With Arcade Protocol,
- users can define loan terms for individual NFTs or multiple NFTs using Asset Vault, specifying the currency (ERC20), term, and interest rate for loans,
- lenders can make loan offers on individual NFTs or vaults,
- users can create a vault to aggregate multiple NFTs while benefiting from the combined value and additional features,
- vault owners receive an ERC721 token representing ownership. The vault can hold assets such as ETH, ERC20s, ERC721, ERC1155. Vaults can be used for delivery to the ether depending on which NFT assets are stored in them.
- vault owners can assign a hot wallet delegate for the NFT assets stored in it.
