Thread by @banx_gg

You're still not ready. But we are!
Introducing:

LONG TERM LOANS backed by Blue Chip NFTs

The cheapest, fastest, strongest and hands down best loan option on #Solana
frakt.xyz/loans

This is a BIG DEAL fam!
🧵 Read on 👇
(1/8)

A long term relationship has no expiration date if it's healthy.
The same goes for our loans, anon.
Long term loans are price based, so there needs to be a margin of safety between value loaned and current FP
The upside is...
(2/8)

...long term loans, if kept healthy, simply. do not. expire.
Let that sink in... no expiration date.
But of course you'll need to partially repay at times, to top up that health (e.g. if FP drops) and prevent (COUGH) liquidation (COUGH).
So how do you keep an eye on health?
(3/8)

Discord notifs, that's how. You get instant alerts if your loan enters the safety margin or gets (Naw, bruh!) liquidated.
So with that out of the way, let's get to the spicy part...
(4/8)

The Interest %.
It's low. A. F.
Like so low I'm broke and should probably get a job.
It's variable, based on each collection's isolated lending pool Utilization Rate.
You can check the numbers here 👇 but bottom line is: we're very near low rates you see for IRL loans
(5/8)

Collections' isolated lending pools are a powerful tool:
Lendooors (such as holders and/or the DAO) can deposit and farm liquidity while contributing in lowering rates for borrowooors.
Meanwhile, revenue is shared back to collections like 👇 for all our protocols
(6/8)

So:
✅Unlimited expiration (if healthy): check
✅Super low interest fees: check

🚀 ...and to top it all up: custom LTV
No need to max out the available LTV,
just take what you need 👇
(7/8)

Thank you for you patience Ser ❤️
People don't read, but your made it here.
You are built different Ser 💪
Please take a look at our detailed docs and let us know what you think Ser:
docs.frakt.xyz/frakt/loans/lo…
(8/8)

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