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Best NFT-Collateral Loans (2026)
Last updated: March 2026
NFT lending allows you to borrow crypto (typically ETH) by using your NFTs as collateral. This unlocks liquidity from illiquid assets without forcing a sale. Whether you hold blue-chip PFPs or niche collections, there are platforms that can help you access the value locked in your NFTs.
Blur's Blend protocol offers NFT-backed perpetual loans with no fixed expiry and no oracle dependency. Borrowers can take loans against blue-chip NFTs with competitive rates set by market-driven lender competition. The largest NFT lending platform by volume.
Pros
- +Largest NFT lending volume
- +No loan expiration
- +Market-driven rates
Cons
- -Limited to blue-chip collections
- -Ethereum only
- -Lender can trigger refinancing
NFTfi is a peer-to-peer NFT lending marketplace where borrowers list their NFTs and lenders make loan offers. This model allows any NFT to be used as collateral (not just blue chips) with terms negotiated directly between parties.
Pros
- +Any NFT can be collateral
- +Peer-to-peer negotiated terms
- +Established since 2020
Cons
- -Must find a willing lender
- -Fixed-term loans only
- -Smaller lending pool
BendDAO operates as a pool-based NFT lending protocol where blue-chip NFT holders can instantly borrow ETH from a shared liquidity pool. Floor price oracles determine LTV ratios, and liquidation occurs if the health factor drops too low.
Pros
- +Instant pool-based borrowing
- +No counterparty negotiation
- +Flash claim for liquidated NFTs
Cons
- -Limited to supported collections
- -Oracle-dependent floor prices
- -Pool liquidity constraints
Frequently Asked Questions
What NFTs can I use as collateral?
Blue-chip collections like CryptoPunks, Bored Ape Yacht Club, Azuki, and Pudgy Penguins are supported on most platforms. Peer-to-peer platforms like NFTfi accept any NFT, but finding a lender may be harder for less popular collections.
How is NFT collateral valued?
Most platforms use floor price oracles that track the minimum price of an NFT collection. Some use time-weighted average prices (TWAP) to reduce manipulation risk. Peer-to-peer platforms let lenders set their own valuations.
What happens if I cannot repay my NFT loan?
If you default or are liquidated, your NFT is transferred to the lender (P2P) or sold at auction (pool-based). Some platforms offer grace periods. Always monitor your loan health factor and repay or add collateral before liquidation.