Traditional P2P loans face a high default rate of 15%-20%, resulting in significant annual losses. Recent innovations like NFT backed loans aimed to reduce this rate but struggled due to the NFTs’ abnormal fluctuations in price driven by various factors such as weak community growth and negative market sentiment.

Damoros Asset-Backed Tokens (ABTs) address this volatility issue by minting tokens backed by assets that have been authenticated by experts, are stored safely and have been accurately appraised . Despite asset value fluctuations, luxury items like watches, bags, and art have historically delivered comparable returns to traditional commodities and real estate, with lower risk over the long term.

Partnering with leading NFT lending platforms such as NFTfi, Arcade, and Nexo, Damoros helps individuals seeking collateralization to secure lower interest loans, while offering platforms reliable token-backed solutions. Our network of authenticators ranks the assets based on factors like condition, historical volatility, and periodically audits these factors, ensuring lending platforms underwrite suitable loan terms.

Stable assets can secure fixed-interest loans, while more volatile ones can access variable-rate loans through our network of NFT-backed lenders. This innovative approach provides stability and flexibility for borrowers and lenders alike, revolutionizing the lending landscape.