CreditWise is a decentralized finance (DeFi) platform for NFTs that utilizes smart contracts to offer decentralized loan management services. This allows users to pledge and borrow NFTs without the need to rely on traditional banks and institutions.
By using NFTs as collateral for fungible-token (FT) loans, one can generate higher returns and really start putting their NFTs to work. Additionally, CreditWise also offers cross-chain interoperability, which enables users to freely circulate their assets between different blockchains.
In order to collateralize an NFT, simply select the asset you would like to pledge and then transfer it to the Uptick Chain. It should be noted that timely repayment is crucial, and if you fail to do so, CreditWise will liquidate your NFTs. However, if you're actively monitoring the situation and can engage in this DeFi world successfully with timely repayments, this will result in your assets being safely returned to you.
Join CreditWise and start making your assets work for you.