Pine Protocol Review: What to Check Before Borrowing
Pine Protocol lets you borrow fungible tokens using NFTs as collateral, but its costs and loan terms are unclear.
By the SkyBitcoins review team · Updated
At a glance
Pine Protocol key facts
| Type | NFT-backed lending protocol |
|---|---|
| Chains | Ethereum, Polygon |
| Token | PINE |
| Audits | No audits listed |
| Value locked | $20.5K−2.1% 7d |
| Updated |
Pine Protocol FAQs
What is Pine Protocol?
Pine Protocol is a decentralized lending protocol that lets borrowers use NFTs as collateral to borrow fungible tokens. Its documentation also describes a buy-now-pay-later product for NFTs.
Which blockchains does Pine Protocol support?
Pine Protocol is listed on Ethereum and Polygon. Check the app’s current network support and the specific NFT collection before connecting a wallet or moving assets.
Is Pine Protocol audited, and what does it cost?
No audits are listed for Pine Protocol. Fees, loan terms and liquidation rules are also not established here, so review the current terms carefully before depositing an NFT.
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How we checked
Sources
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