Blockchain brings forth a new decentralized method of lending, allowing individuals to offer each other loans in a peer-to-peer fashion through smart contracts. Cardano loan platforms allow you to access Cardano collateral loans, where you lock up your holdings on the Cardano blockchain to receive a loan of equal or lesser value.
These protocols also include unique, Cardano NFT loans, where you can lock your Cardano NFT up in a smart contract, using it as collateral, in return for a loan in ada. All of this is done in a trustless manner through the use of smart contracts on the Cardano blockchain.
On the multiple Cardano loan platforms listed here you can be either the loaner or the loanee, allowing you to access loans using your existing assets as collateral, or to put your ada to work to earn you money by lending it out to others.
Cardano NFT loans are some of the most popular types of loans as the protocols allowing you to complete Cardano NFT loans, Lending Pond and Fluid Token, allow NFT owners to unlock the liquidity locked up in their assets without losing their beloved NFTs (so long as they return the borrowed assets, plus interest, in the allotted time)
Frequently Asked Questions
- Can I get a loan on my Cardano?
If you hold Cardano, ada, then you can used the Cardano projects and protocols listed on this page to receive a Cardano loan in Cardano native stablecoins, or numerous other blockchain tokens (typically stablecoins), by depositing your Cardano or ada as collateral.
- Where can I lend Cardano?
All of the Cardano DeFi projects listed on this page allow you to put your Cardano tokens to work for you, loaning them out to others through trustless smart contracts. Earning rates vary but typically you might be able to expect 3-5% of a return on your loaned ada.