Drops
  • Drops
    • Introduction
  • Governance
    • DOP - Protocol Governance & Ownership
  • Tokens
    • Overview
    • veDOP
      • Emissions Distribution
    • esDOP
      • esDOP parameters
      • esDOP vesting duration
      • Situational examples
  • Loans
    • Overview
    • NFT Lending Pool
      • Liquidation parameters
      • Liquidations
    • Positions Lending Pool
      • Components
      • Using vault markets
      • APY Calculation
    • Interest rates
    • dTokens
  • Tutorials
    • How to borrow against NFT
    • How to repay NFT loan
    • How to lend and earn yield
    • How to use SweepMax
  • SweepMax - Financing
    • Overview
    • Features
    • How does it work?
  • NFT Price Oracle
    • Overview
    • Verifying Sale
    • Extreme outliers removal
    • Probable outliers removal
    • Floor TWAP
  • Links
    • Audits
    • Smart contracts
    • Risks
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  1. Loans

dTokens

When users supply fungible or NFT assets, they receive dTokens from the protocol in exchange. dTokens are ERC20 tokens that can be redeemed for their underlying assets at any time.

dTokens for NFTs don't earn interest and can only be usable as collateral.

Fungible tokens can accrue interest, dTokens are redeemable at an exchange rate (relative to the underlying asset) that constantly increases over time, based on the rate of interest earned by the underlying asset.

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Last updated 2 years ago

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