This is an open source project. You are free to use the code base for development.View full project details here
CezarX is a collateral lending protocol that enables collectors to take out a fixed-rate loan using their NFT as collateral. The loan is funded by liquidity providers who earn interest paid by the borrower. In the event of a default on the loan ownership of the NFT is fractionalized and transferred to the liquidity providers. An exclusive auction is held where only the liquidity providers are eligible to bid.
A loan can be taken out for up to 50% of the CezarX appraisal value. A fixed-rate of 10% interest is charged for the term loan.
Unique and limited edition artwork, collectibles and real estate from the metaverse with a floor price of 30 ETH are accepted as loan collateral.
Our smart contracts are trustless and automated. They take possession of your collateral if the loan is not paid by the agreed upon date and time.