NFT Lending · Review
InactiveNFTfi Review 2026: Shut-Down NFT Lending, Loans Still On-Chain
NFTfi was a peer-to-peer NFT lending protocol on Ethereum. It has shut down: the dApp is no longer in operation, though the contracts remain deployed so open loans can still be settled on-chain.
By the DappsAtlas editorial team · Updated
DappsAtlas score
—/10
Not rated
Our verdict on NFTfi
NFTfi is no longer a product to use. It was a peer-to-peer NFT lending protocol on Ethereum, and its dApp has closed to new loans, offers, refinancing and extensions. This review is mainly useful for existing borrowers and lenders, who can still repay or foreclose directly through the contracts using the team's wind-down guide. Anyone seeking NFT-backed loans should look at other active platforms and check them independently.
Score breakdown
How NFTfi scores
- Security
- n/a
- Ease of use
- 2.0/10
- Fees
- n/a
- Features
- 2.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is NFTfi?
NFTfi was a peer-to-peer NFT lending protocol on Ethereum, listed on DefiLlama in the NFT Lending category since November 2022. It let people borrow against NFTs or lend against them.
The official homepage now carries a final notice saying the NFTfi dApp is no longer in operation. New loans, offers, refinancing and extensions are unavailable. The page thanks users and points to the full announcement on X.
The smart contracts remain deployed on Ethereum mainnet. The notice says the wind-down does not affect loans users still hold, which can be repaid or foreclosed directly on-chain. DefiLlama shows about $14,900 in TVL, which is consistent with a protocol in run-off.
How NFTfi works
NFTfi was a peer-to-peer lending protocol. A borrower locked an NFT in a smart contract as collateral, and a lender offered a loan against it with terms such as amount, duration and interest. If the borrower repaid in time, the NFT was returned. If not, the lender could foreclose and claim the NFT.
The frontend has now been closed. Because the contracts are on Ethereum mainnet and are not tied to the website, the repay and foreclose functions still work on-chain. Users have to call them directly, using the guide the team published.
New offers, refinancing and extensions are no longer available, so the protocol is in run-off: existing loans can only be settled, not renewed.
4 features
Key features
01
Peer-to-peer NFT loans
The protocol matched borrowers and lenders directly. Borrowers used NFTs as collateral for loans negotiated through offers.
02
Persistent on-chain contracts
Smart contracts on Ethereum mainnet remain deployed, so outstanding loans can be repaid or foreclosed without the website.
03
Wind-down guide
The team published a guide on GitHub explaining how to interact with the contracts directly during the wind-down.
04
Audits listed
DefiLlama lists two audits for the protocol, though the project does not name the auditors.
Pros and cons
What we like
- The team gave a clear final notice explaining the shutdown
- Contracts stay deployed on Ethereum, so open loans are not locked behind the website
- A wind-down guide exists for settling loans directly on-chain
- DefiLlama lists two audits for the protocol
- Repay and foreclose rights are described as unaffected
Watch out for
- The dApp is shut down, so no new loans, offers, refinancing or extensions are possible
- Remaining loans must be repaid or foreclosed by interacting with contracts directly, which is harder than using a web interface
- TVL is only about $14,900 per DefiLlama, so almost no activity is left
- No front-end support means users must rely on a wind-down guide and their own wallet skills
- The project does not say how long the contracts will stay usable or who maintains the guide
NFTfi fees
NFTfi's fee schedule is not, and since the dApp no longer takes new loans, fees for new activity no longer apply.
Anyone settling an existing loan on-chain will pay Ethereum gas for the transaction. Loan terms such as interest are set in the loan itself and can be checked in the contract data or the wind-down guide.
Is NFTfi safe?
The main risk now is operational, not market-based. With no frontend, users must call contracts directly, where a wrong address or mistaken transaction could be costly. Use only the guide linked from the official notice, and be wary of impersonators offering help in DMs.
DefiLlama lists two audits, but the project does not name the auditors or say when they were done, so treat that as limited information. The project does not mention any hack or exploit. Public sources also do not say how long the team will keep the guide available.
6 steps
How to get started with NFTfi
- 1
Confirm you have an open NFTfi loan, either as borrower or lender, from your wallet history.
- 2
Open the official NFTfi notice and follow only the link to the wind-down guide it provides.
- 3
Read the guide fully before sending any transaction.
- 4
Connect the wallet that holds the loan position to the contracts as the guide describes.
- 5
Repay or foreclose the loan on-chain, and keep enough ETH for gas.
- 6
Verify contract addresses against the official guide and avoid unofficial links or support offers.
Who NFTfi is for
This page is for people who still have an open NFTfi loan as a borrower or lender, and for researchers tracking the NFT lending sector. It is not for new users, since the service no longer accepts new activity.
NFTfi FAQs
Has NFTfi shut down?
No. The homepage says the NFTfi dApp is no longer in operation and that new loans, offers, refinancing and extensions are not available.
Can I still repay an NFTfi loan?
Yes, per the final notice. The smart contracts remain deployed on Ethereum mainnet, and outstanding loans can be repaid or foreclosed directly on-chain.
How do I interact with the NFTfi contracts now?
The notice points to a wind-down guide on GitHub, published by the NFTfi team, that explains how to interact with the contracts on-chain. Follow only the guide linked from the official notice, as lookalike pages are a common scam.
What happens to my NFT collateral?
The project does not say. They only state that the wind-down does not affect loans you still hold and that the contracts remain deployed.
What about the NFTFI token?
The project does not describe any ongoing use of the NFTFI token or its utility after the shutdown. DefiLlama lists NFTFI as the token, but no further detail is given.
Compare
NFTfi alternatives
Arcade.xyz is an Ethereum marketplace for peer-to-peer, fixed-rate loans secured by NFTs, aimed at NFT holders and lenders.
Gondi V3 is a non-custodial peer-to-peer NFT lending protocol and marketplace on Ethereum, Hyperliquid and Robinhood Chain for NFT holders and lenders.
Fungify is an Ethereum protocol offering a blue-chip NFT index token and cross-margin lending pools that accept NFTs as collateral.
JPEG'd is an Ethereum lending protocol where NFT holders borrow pETH or pUSD against their NFTs, aimed at experienced DeFi users.
Revest Finance is a DeFi protocol that locks ERC20 tokens in transferable NFTs with custom unlock conditions, for vesting and composable finance.
ParaSpace Lending V1 is a cross-margin lending protocol where users borrow against a mix of NFTs and tokens on Ethereum and four other chains.
Same category
More NFT Lending dApps
MetaStreet is a DAO-run liquidity protocol for NFT credit markets, built around Capital Vaults, for lenders and platforms that lend against NFTs.
Salvor is an Avalanche NFT marketplace with peer-to-peer lending that lets users borrow AVAX against their NFTs.
XCarnival is an Ethereum NFT lending protocol where holders pledge NFTs to borrow USDxc, aimed at NFT owners and lenders.
StreamNFT offers NFT rentals, peer-to-peer NFT-backed loans and post-mint utility tools for NFT creators, developers and holders.
Blur Lending (Blend) is a peer-to-peer NFT lending protocol on Ethereum that is reported to stop matching new loans on 12 November 2026.
Citrus is a peer-to-peer NFT lending platform on Solana where users borrow against NFTs or lend funds, with a small TVL and no listed audits.
Same chain
More on Ethereum
Lido is a liquid staking protocol where users stake ETH and receive stETH, a reward-earning token usable across DeFi, governed by LDO holders.
Aave V3 is a non-custodial DeFi lending protocol on 21 chains where users earn interest on deposits or borrow against collateral.
Uniswap V4 is the latest Uniswap DEX version with hooks and concentrated liquidity, running on 22 chains for self-custody token swaps and liquidity provision.
Uniswap V3 is a non-custodial decentralized exchange protocol for token swaps and concentrated liquidity provision across 40+ chains.
DeFi Saver is a non-custodial tool for managing and automating leveraged lending positions across major DeFi protocols on Ethereum and layer-2 networks.
OKX is a major centralized crypto exchange for spot and derivatives trading, earn products and a Web3 wallet, with its own OKB token.
Guides
Guides that mention NFTfi
DeFi
Gondi and the NFT Lending Slump: What the Data Shows in 2026NFT lending has shrunk sharply since its 2022 peak, and the 2026 shutdown of NFTfi's frontend shows how much the market has changed. This guide explains what the decline figures mean, where Gondi fits, and how to check current data yourself.
NFT
How to Lock an NFT on Drops to Take Out a Loan (2026 Guide)Drops is an Ethereum NFT lending protocol where you can lock an NFT as collateral and borrow ETH against it. This guide explains the steps, the loan terms to compare, what happens if you cannot repay, and the security checks to make first.
How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.