🏦 Monad NFT LendHub

Unlock NFT Liquidity. Borrow, Lend, Earn.

A decentralized NFT-backed lending and borrowing platform built on Monad Testnet.

🔍 The Problem

NFTs face a significant liquidity challenge:

• NFTs are illiquid assets—holders can't easily unlock value without selling
• Traditional lending markets don't accept NFTs as collateral
• Liquidity providers hesitate due to high risk & lack of fair rewards

💡 Our Solution

Monad NFT LendHub is an NFT-backed lending & borrowing platform on Monad Testnet that:

• Allows users to borrow mUSDT using whitelisted NFTs as collateral
• Enables liquidity providers (LPs) to earn rewards for providing USDT liquidity
• Creates a sustainable ecosystem for NFT holders and lenders

⚙️ How It Works

1. Get whitelisted Reach out to bossonormal1 on discord, get whitelisted to mint DMON NFTs. ( maximum of 5 per mint and it's 1 time minting) fetch your minted NFT token ID. from the testnet explorer.

2. Deposit NFT → Lock collateral in smart contract

3. Borrow USDT → Get mUSDT instantly based on NFT value

4. Repay Loan → Withdraw NFT after repaymentee

5. Provide Liquidity → LPs earn yield from lending poole

🚀 Competitive Advantages

• ✅ Automated Liquidations - NFTs liquidated if loans aren't repaid in due tim
• ✅ Secure & Fair Lending - Whitelisted NFT collections only
• ✅ DeFi + NFT Finance - Bringing real utility to NFT holders & LPs
• ✅ Seamless Cross-Chain Expansion - Wormhole bridge integration (Coming soon)

🔗 Demo & Links

• Live Demo: monadevmhackaton.vercel.app [blocked]
• GitHub Repo: github.com/bossonormal215/monad-nft-lendhub [blocked]

🔮 Roadmap

• Expand cross-chain lending (via Wormhole bridge)
• Launch on Monad mainnet
• Introduce governance & NFT-powered staking

👨‍💻 Created By

Ibukun Olatunde

Built for the Monad EVM Hackathon