NFT-Backed Lending Protocol Zharta Celebrates Launch – EIN News

This development comes after a successful audit by Hacken and close on the heels of a $4.3 M seed round.

LISBON, PORTUGAL, January 24, 2023 /EINPresswire.com/ — Zharta is excited to announce the official launch of its NFT-backed lending protocol. This development comes after a successful audit by Hacken and close on the heels of a $4.3 M seed round. Zharta’s protocol boasts instant, permissionless loans delivered via a simple and intuitive UX, liquidation protection during each loan’s entire term, flexible pricing with a pay-what-you-use mechanic, and a bundling feature that allows the use of multiple NFTs for the same loan, paired with an automated selection option for those unsure of what collateral to use.

Zharta’s seed round happened just last year, with the contributions of Greenfield One, VCs Shilling Capital and Possible Ventures, SpaceShipDao, UniwhalesDao, Clever, Olisipo Way, and other Business Angels. Now, the lending protocol is ready for its official launch.

With its simple, clean-but-colorful UI, Zharta’s platform would be easy to spot in a line-up. It was designed to be user-friendly and accessible to anyone, regardless of their level of experience with NFTs or lending protocols – a mentality that can be felt not only in the platform’s appearance but also in the rules embedded into smart contracts.

Its termed loan contracts are a good example of this. They do not allow liquidations before the due date, a feature that can benefit both beginners and experienced users, as it eliminates the need for borrowers to worry about market volatility causing them to lose their NFTs despite their intention and ability to repay their loans on time. This is especially crucial in a market subject to so much volatility, and a valuable feature for anyone who values peace of mind.