What is Llama?

Llama is a peer-to-peer NFT lending protocol that allows users to use their NFTs as collateral for loans, facilitating access to loans without the need for lender interactions or prior approvals. The platform primarily operates through its technical architecture supporting automated loan agreements.

In addition to lending, Llama features an NFT marketplace that includes white-listed collections, enabling users to trade NFTs. The protocol also offers an NFT rental service, allowing users to rent tokens with or without collateral arrangements.