ARTSY DeFi
  • ARTSY DeFi
  • ARTSY Ecosystem
    • NFT Marketplace
    • Lending and Borrowing on NFT Collateral
    • ARTSY NFT Auction House
    • ART Token
  • Tokenomics of Art: The Foundation
    • Redistribution Token
    • Total Supply
    • Initial ART token distribution
  • Tokenomics of ART: The Presale
    • How big is the presale?
    • How is the raised USDC used?
    • Which chain is the presale on?
    • When is the Launch?
    • Which chain will I receive my tokens on?
    • Where will I be able to get my vested tokens?
  • Tokenomics of ART: After Launch
    • ARTSY Proceeds
    • Trading Fees on Buying and Selling
    • Celestial Buybacks
  • The workings of ARTSY Lending and Borrowing
    • The Basics
    • NFT Tiers
    • Calculating the interest
    • Profiles and Reviews
  • About Us
    • ARTSY Team
      • Chillyo
      • Excell
      • Viondar
      • Zac
    • ARTSY Partners
    • ARTSY Roadmap
  • The Protocol Treasury
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  1. The workings of ARTSY Lending and Borrowing

Calculating the interest

The interest paid by the borrower for a loan on a tier 1 NFT is 1.25% of the loan plus 0.125% per day of the selected loan period.

The interest received by the lender for a loan on a tier 1 NFT is 0.75% of the loan plus 0.075% per day of the selected loan period. On a tier 1 NFT the protocol receives 0.5% of the loan plus 0.05% per day of the selected loan period. The protocol shares half of those proceeds with the community through buying and distributing ART and sends the other half to the protocol treasury.

For a tier 2 NFT, multiply all interest by 1.5

For a tier 3 NFT, multiply all interest by 2

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Last updated 2 years ago