Sharky

Is Sharky a secure platform?

Sharky prioritizes security measures to ensure the safety of user funds and NFTs. The platform utilizes a secure contract system that freezes the NFT in the borrower's wallet during the loan period, protecting both lenders and borrowers. Additionally, Sharky operates on the Solana blockchain, known for its high speed and security, further enhancing the platform's overall safety.

How to use Sharky?

To use Sharky, users first need to connect their Solana wallet (such as Phantom) to the platform. Lenders can browse available NFT collections, propose loan amounts, and make offers, while borrowers can select their NFT as collateral and choose the best loan offer available. Once a loan is accepted, the contract is created, and the NFT is securely frozen in the borrower's wallet until repayment or default.