What does Rain.fi do?

As a lender, you can provide liquidity by depositing your assets into the platform's liquidity pools and earn interest on your holdings. On the other hand, as a borrower, you can use your NFTs as collateral to borrow assets and access instant liquidity. Rain.fi operates on a peer-to-peer model, where borrowers and lenders interact directly, without the need for intermediaries. This platform offers a flexible and efficient way for users to participate in the lending and borrowing ecosystem within the Solana network.

Why is Rain.fi unique?

What sets Rain.fi apart is its focus on providing P2P (peer-to-peer) liquidity for NFT holders. As a user, you can lend your SOL, USDC, or MSOL tokens and earn interest on your holdings. On the other hand, if you need to borrow SOL, Rain.fi allows you to use your NFTs as collateral to secure a loan. This innovative approach gives NFT owners the opportunity to unlock the value of their digital assets and access liquidity without having to sell their NFTs. With Rain.fi, you can participate in a decentralized lending marketplace that offers flexibility and transparency, all while leveraging the power of the Solana blockchain.

Pricing

While using Rain.fi is generally free, there may be fees associated with certain transactions, such as borrowing or lending. These fees are typically used to incentivize liquidity providers and maintain the stability of the protocol. It's important to review the specific terms and conditions on the Rain.fi platform to understand any potential costs or fees associated with your desired actions.

Frequently Asked Questions