NFT-backed lending on TON

Unlock liquidity. Keep your NFT upside.

Pawn Protocol lets NFT holders borrow against their collateral instead of selling into weakness. Borrowers post an NFT into on-chain escrow, set terms, receive lender funding, and reclaim the asset after repayment. Lenders deploy capital into short-duration, collateral-backed positions with transparent settlement logic.

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Escrowed collateral NFTs are locked in protocol escrow during the loan lifecycle.
Borrower-set terms Create listings with principal, max repayment, duration, and interest mode.
Offer-driven funding Fund directly or negotiate through lender offers with expiry windows.

For borrowers

Monetize NFT inventory without exiting the collection. Use your asset as collateral, keep upside exposure, and regain ownership after repayment.

For lenders

Access on-chain, NFT-collateralized loans with borrower-defined or offer-driven terms, visible payoff logic, and overdue liquidation rules.

Risk controls

Collection allowlisting, offer expiry, blocked listing cancellation when offers are still pending, and explicit repay / liquidation flows help reduce coordination risk.

Whitelisted collections Offer expiry Repay or liquidate

What problem are we solving?

NFT holders often face a bad choice: sell a long-term asset to get short-term liquidity, or sit idle with locked capital. On the other side, lenders want structured yield opportunities with clearly defined collateral and transparent enforcement.

Forced selling destroys upside

Borrowers should not have to dump rare assets just to free up working capital, manage treasury, or rotate into other opportunities.

OTC deals are fragmented

Manual NFT loans are slow, trust-heavy, and operationally messy. Terms, collateral transfer, repayment, and default handling need standardization.

Lenders need enforceable structure

Capital providers need on-chain escrow, explicit deadlines, and deterministic collateral outcomes when repayment does not happen.

Borrowers
Keep

Exposure to NFT upside while drawing liquidity against the asset.

Lenders
Earn

Yield through short-duration, collateral-backed loan positions.

Protocol
Settle

Repayment, offer cancellation, and liquidation through transparent contract logic.

Collections
Filter

Collection allowlisting helps restrict protocol scope to assets the market can underwrite.

How Pawn Protocol works

The flow is designed to be simple for users and explicit for markets: escrow first, financing second, repayment or liquidation after.

1

Deposit NFT into escrow

The borrower transfers an NFT into protocol-controlled escrow, establishing the collateral position before the listing is funded.

2

Create a listing

Borrowers define desired principal, repayment cap, loan duration, and pricing mode such as fixed or pro-rata interest.

3

Get funded

Lenders can fund instantly or submit offers. Offers can expire, be accepted by the borrower, or be cancelled for refund by the lender.

4

Repay or liquidate

On repayment, the borrower reclaims the NFT. If the loan goes overdue, the lender can trigger collateral liquidation and receive the asset.

Resources and community

Users should be able to verify collateral scope, follow updates, and jump into the app without hunting through separate posts or docs.

Community / News Telegram channel

Follow protocol updates, product announcements, and community news in the official Telegram channel.

t.me/smargelet

Why users choose it

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Borrow without selling. NFT holders can access liquidity and still participate in future floor-price appreciation if they repay on time.
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Two-sided pricing discovery. Borrowers can publish terms, while lenders can either take them directly or submit custom offers.
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Visible loan lifecycle. Listings, loans, offers, payoff amounts, and collection-level signals can be surfaced via the protocol API.
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Operational guardrails. Pending offers block premature listing cancellation, and expired offers cannot be accepted.

Built for a stricter lending flow

The protocol design reflected in your current contract and indexer stack emphasizes clear state transitions, discoverability, and operational guardrails rather than vague peer-to-peer promises.

Offer expiry support

Offers carry expiration timestamps, which prevents stale quotes from being accepted after market conditions change.

Collection allowlisting

The protocol architecture supports admitted collections only, giving you tighter control over market scope and collateral quality.

Protocol data surface

State, listings, loans, offers, NFT metadata, whitelist data, and collection floor data can all be surfaced through the API layer.

FAQ

Simple answers for first-time users landing on the protocol for the first time.

Do I have to sell my NFT to get liquidity?

No. The core product proposition is NFT-backed borrowing. You lock collateral into escrow, receive funding if the listing is matched, and reclaim the asset after repayment.

How does default work?

If a loan is overdue, the lender can liquidate and claim the escrowed NFT according to the contract flow.

Can lenders negotiate terms?

Yes. The protocol supports direct funding and separate lender offers with custom principal, repayment, duration, and pricing mode.

What fee does the protocol take?

This brochure presents the protocol fee as 10% of interest. It is framed as the core service commission for the lending venue.

Ready to launch the app?

Open the live interface, connect your wallet, browse listings, or put your NFT collateral to work.

Open Pawn Protocol