Sharky is the #1 NFT lending and financing protocol on Solana. It is also the first escrow-less lending protocol in the world. We pioneered the order-book model that allows lenders to compete for borrowers. Currently, we hold the world record on the total number of loans given against NFTs as collateral.
Sharky is a two-sided marketplace and thus solves two different sets of problems.
A lot of individuals would like more options to lend their funds, so they can make returns profiting from interest paid by borrowers. There are not a lot of opportunities to do so in the modern world.
On the other hand, holders of NFTs and other not-so-liquid assets often can’t access capital locked there. They are forced to sell their asset in cases when they need to.
Through our peer-to-peer lending protocol, Sharky has created a unique solution to both problems while simultaneously creating several novel use cases for NFTs. The first pain point we solve is unlocking the liquidity trapped with an illiquid asset class by enabling borrowers to utilize these assets as collateral for loans. Our platform also serves as another option for users looking to sell their assets, wherein they will list them lower and lower to compete for a buyer. With Sharky, they can access liquidity without selling. And the second pain point we solve is easy lending opportunities for everybody. Democratizing access to highly attractive loans no matter the size.
Sharky is a peer-to-peer lending protocol. Through our order-book model, we enable lenders to find & choose a specific NFT collection they would like to lend. They then simply offer how much they would like to lend to this asset and create the offer. A borrower comes to the platform with an NFT, sees the immediate highest offer available, and can choose to accept.
The borrower locks their NFT as collateral and receives the funds. If the loan is paid back, the lender receives their original funds + interest & the borrower receives their NFT back. If the loan is not paid back, the lender can foreclose the loan and take possession of the collateral.
Our product serves as a cornerstone to the NFT market at large. Sharky specifically is one of the most used protocols in NFTfi across all chains and significantly dominates the market share of NFTFi within the Solana Ecosystem. The reason Sharky has 75-90% market share throughout the last 1.5 years is that we have:
