Levvy
NFT and token-collateralized lending on Cardano — borrow against your assets
What is Levvy?
Levvy is a lending protocol on Cardano that accepts both NFTs and fungible tokens as collateral. It bridges the gap between Cardano's NFT ecosystem and DeFi, letting holders of digital assets unlock liquidity without selling their positions.
Key Features
Token & NFT Collateral
Levvy accepts both Cardano native fungible tokens and NFTs as collateral — one of the broadest collateral sets of any Cardano lending protocol.
Flexible Loan Terms
Borrowers and lenders negotiate terms directly, giving both parties control over interest rates, loan duration, and collateral requirements.
Non-Custodial
Collateral is locked in on-chain smart contracts — not held by any company. Only repayment or default can release the collateral, ensuring full trustlessness.
Expanding Asset Support
Levvy continuously adds support for new Cardano tokens and NFT collections as the ecosystem grows.
How to Use Levvy
- 1
Connect your wallet at levvy.fi
- 2
Select whether you want to borrow (using your assets as collateral) or lend (earn yield)
- 3
As a borrower: choose your collateral asset and review available loan offers
- 4
Accept an offer and receive the borrowed tokens in your wallet
- 5
Repay before the deadline to reclaim your collateral
Frequently Asked Questions
What types of collateral does Levvy accept?
Levvy accepts both Cardano native fungible tokens and NFTs. This makes it one of the most flexible collateral options on Cardano DeFi.
What happens at loan maturity?
If you repay the loan plus interest by the deadline, your collateral is returned. If you don't repay in time, the lender claims your collateral.
Is Levvy peer-to-peer or pool-based?
Levvy uses a peer-to-peer model where borrowers and lenders are matched directly. This differs from pool-based protocols like Liqwid where all lenders share a pool.
Is Levvy audited?
Levvy is a newer protocol on Cardano. Check their official documentation for current audit status and security information before committing significant funds.