Piggylet (PLET)

Piggylet is a decentralized NFT backed liquidity provider where NFT holders can collateralize their NFTs as a security and access liquidity instantly.

Piggylet Testnet

Whitepaper

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What is Piggylet

Piggylet is a DeFi protocol designed to empower NFT holders with the ability to access liquidity without having to sell their NFTs by facilitating borrowing opportunities. Simultaneously, Piggylet enables DeFi investors to generate yield through lending, with NFT assets serving as collateral. Piggylet's primary objective is to democratize NFT-Backed Lending, catering to a wider range of NFT ecosystems than current platforms, which tend to focus exclusively on blue-chip and high-value NFTs, leaving many collections underserved.

By developing a robust and secure platform that accommodates a diverse array of NFT collections, Piggylet aims to create an inclusive borrowing and lending experience for all participants. In doing so, Piggylet fosters innovation and accessibility in the rapidly growing NFT market, benefiting both NFT holders and DeFi investors alike.