Renkin

Renkin is an NFT lending aggregator that consolidates quotes from X2Y2, Blur, BendDAO, NFTfi and others into one interface, so a borrower enters collateral and compares rates, terms and liquidation lines side by side. NFT lending is fragmented: the same blue-chip can cost several times more to borrow on one venue than another, and borrowers must open accounts and compare one by one, only learning at the end whether capacity is still available.

The aggregation layer reads pool state and order books across protocols and ranks by actually available capacity rather than posted price, avoiding nominal comparisons where a quote exists but the pool is full. Execution still happens on the underlying protocol, with custody and liquidation following its contracts; the aggregator neither takes assets nor alters liquidation parameters. It positions itself as a price discovery entry for NFT finance, serving holders of blue chips who do not want to sell and lenders seeking stablecoin yield. After the NFT lending sector cooled in 2023, its value shifted toward cross-protocol liquidity allocation and rate discovery.