PWN Finance

PWN Finance is a p2p lending protocol functioning without a necessity of price oracles and systemic liquidity pools. This means arbitrary assets like NonFungible Tokens (NFTs), low cap tokens or token bundles are allowed to be used as collateral. The functionality of PWN gets to the very basics of lending. On one side there is a borrower who wants to leverage their assets without losing exposure to the upside of value appreciation (eg. holding a valuable NFT) and on the other side a creditor who is willing to offer credit against a portion of value of the underlying collateral either receiving interest or risking a contract default which will result in gaining full ownership of the collateral - effectively acting as a pawnbroker. PWN allows borrowers and creditors to utilize its platform and smart contracts to take a short or mid-term loan against any type of a transferable asset - like ERC20, ERC721 or ERC1155 standard tokens. The platform doesn’t act as an intermediator, rather it provides an interface for a neutral and verifiable on-chain initialization, lockup and settlement of the lending contracts.