What is Zharta? Zharta is an NFT asset-collateralized lending protocol, built and developed on Ethereum, supporting ETH asset lending. Zharta supports collateral for many collections, especially multiple NFTs can be pledged for one loan position.
So what is Zharta? How does it work? Let’s find out in this article!
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What is Zharta?
Zharta Overview
Zharta is an NFT asset-collateralized lending protocol, built and developed on Ethereum, supporting ETH asset lending. Zharta supports collateral for many collections, especially multiple NFTs can be pledged for one loan position.
Zharta uses a term loan model with high interest rates and risks. The model allows users to not be liquidated until maturity. But the term on Zharta is very short, from 7 days to 90 days depending on the type of collateral and nature of the loan.
Unlike conventional lending platforms, Zharta will not liquidate the loan until the borrower defaults on the due date. And the LTV on the project is not the order liquidation level but the maximum level that can be borrowed.
By the time the loan matures, if the borrower fails to pay the debt, the collateral will be kept for the next 48 hours. If payment is made during this time, the borrower must pay an additional penalty fee. If the debt is not paid within that period, the assets will be liquidated.
Mechanism of action
Loan products on Zharta
- Degen Tier: Offers high LTV, high APR and short loan terms of just 7 days.
- Famer Tier: Offers low LTV, low APR, and terms can range from 7 days to 90 days.
- Normie: This is the average of the above 2 products and the term can be selected from 7 days to 30 days.
Participation on Zharta
- Lender: Deposit ETH assets into Lending Pool to receive 75% of interest and penalty fees.
- Borrower: Pledge NFT assets to borrow ETH and repay when due.
Development Roadmap
Updating…
Core Team
Nuno Cortesão: Co-Founder & CEO
- In 2015, Nuno successfully obtained a Master’s degree in Mechanical, Energy, and Mechatronics.
- Nuno has spent about 3 and a half years working at NTT DATA. Here he held positions such as: Senior Consultant, Consultant, Junior Consultant.
- At the end of 2018, Nuno became Senior Team Leader of Volunteers at Web Summit.
- In 2019, Nuno worked as Digital Associate Manager (Head of Blockchain) at Accenture Portugal. Work as a Solution Architect in the sales process. Commit to creating multiple proposals focused on conceptual architecture, technology stack, revenue enhancement, and others.
- Until 2021, Nuno and his colleagues founded Zharta and are the CEO of the project.
Investors
July 20, 2022: The project successfully raised $4.3M led by Greenfield One, with the participation of funds such as: SpaceshipDAO, UniWhales Dao, Shilling Capital Partners, Possible Ventures, Clever W3B, Olisipo Way.
Tokenomics
Updating…
Exchanges
Updating…
Zharta Information Channel
- Website: https://www.zharta.io/
- Twitter: https://twitter.com/ZhartaFinance
- Discord:
Summary
So I have clarified what Zharta is? Overview of Zharta electricity bills. Hope this article provides you with a lot of useful knowledge!