Banx · About

Banx is a Solana-based peer-to-peer NFT lending platform that provides perpetual loans without fixed durations. Borrowers can repay loans at any time, with interest rates determined by loan-to-value ratios. Lenders can create offers for specific NFT collections and participate in refinancing auctions if they choose to exit their positions. This offers flexibility for both borrowers and lenders, with refinancing options available and fixed APR for lenders after an offer is accepted. Formerly known as FRAKT (FRKT), Banx (BANX) has rebranded and migrated to a new Solana contract. More information can be found at https://docs.banx.gg/team/about-us#jun-2021. The old token page is available at https://cryptorank.io/price/frakt.