When I apply for a loan on an NFT, does Zharta take my NFT?
No. Zharta never gets custody of an asset. Collateralized NFTs are held in a smart contract escrow. This means that the assets are always subject to the pre-agreed business rules of the loan.
Can I pay my loan in instalments, like I pay a mortgage?
Yes. You can make your payments until you secure the full amount of your loan. Once you have paid the full due amount, you can get your NFTs that were pledged as collateral for your loans.
The collateral’s value I use in my loan went down. Can I be liquidated?
In our current version, all contracts are time-bounded. This means they have a term. If the value of the collateral decreases during this period, the borrower will not be liquidated.
Can I borrow using more than one NFT asset to support my loan?
Yes, you can use one or more different community assets or bundles from the same category.
I know how much I need but not which assets to collateralize. Now what?
Select the capital you want to borrow and we’ll help you choose the assets that best support your loan. And if you don't agree with our selection, you are able to freely customize the NFTs against the one/s you want to borrow.
Is Zharta a DeFi company?
Yes. Zharta allows for non-custodial loans on top of decentralized smart contracts to take advantage of the strength, transparency, and security of the blockchain networks where your assets are located.