Yamfore
P2P loans collateralized by NFTs — borrow against your JPEGs
What is Yamfore?
Yamfore is a peer-to-peer NFT lending protocol on Cardano that lets you use your NFTs as collateral to borrow ADA. If you hold valuable Cardano NFTs but need liquidity without selling, Yamfore lets you unlock that value while keeping ownership of your assets.
Key Features
NFT-Collateralized Loans
Lock your Cardano NFT as collateral and receive an ADA loan. If you repay within the agreed term, you get your NFT back. If not, the lender claims the NFT.
P2P Loan Matching
Yamfore matches borrowers and lenders directly. Lenders browse NFT collateral listings and offer loan terms they are comfortable with — full transparency on both sides.
No Liquidation Risk During Term
Unlike overcollateralized DeFi loans, Yamfore loans have fixed terms. You won't get liquidated mid-loan due to NFT price drops — only if you fail to repay at maturity.
Lender Yield
Lenders earn interest on their ADA by funding NFT-backed loans, with the NFT as security in case of default.
How to Use Yamfore
- 1
Connect your Cardano wallet at yamfore.com
- 2
As a borrower: list your NFT as collateral and set desired loan amount and term
- 3
Wait for a lender to accept your terms, then receive ADA in your wallet
- 4
Repay the loan plus interest before the deadline to reclaim your NFT
- 5
As a lender: browse collateral listings, evaluate NFT value, and fund loans you find attractive
Frequently Asked Questions
What happens if I can't repay my Yamfore loan?
If you don't repay before the loan deadline, the lender claims your NFT collateral. There is no partial liquidation — it's all-or-nothing at maturity.
How is loan value determined?
Loan terms are negotiated peer-to-peer. Borrowers list their NFT and requested amount; lenders decide whether the collateral justifies the loan based on floor price and collection quality.
Is Yamfore safe for lenders?
Lenders always hold the NFT as collateral on-chain. The main risk is NFT floor price dropping below the loan value, leaving the lender with an NFT worth less than they lent out.
What NFT collections are supported?
Yamfore supports Cardano NFT collections. Popular collections with high floor prices attract more lenders. Check the platform for currently active collateral listings.