# What is GopLend?

## What's that?

**GopLend is a** **NFT Lending is the highest part of NFT-FI.** We maximized the potential of this idea and created a **marketplace** where people can borrow **instantly, at any time, any volume.** You can use **USDC** for any action on the platform\
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All of this is made possible by many innovations and benefits. You can read about all of this in the next pages

## **How does it work?**

GopLend is currently worked on the [Neutron network](https://docs.neutron.org/). We use Neutron because it is the most popular blockchain for smart contracts. It's also one of the safest networks for such large protocols. In order to make NFTs available on the Neutron network, we developed our [own NFT bridge](https://goplend.org/bridge/stars12c9nrpkqrfmdvrx4ex8d6qfs8rwrnclsk5jtk4r6u4gy9mjl97js626dtp) to bring on Neutron collections created on Stargaze\
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In the future, we plan to **connect other blockchains to Neutron**, such as **Archway, Injective and Oraichain**. This will provide a large influx of transactions, liquidity and users to the network\
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Lending supports any CW-721 (ICS-721) standard NFTs, meaning that almost any collection from the Cosmos Ecosystem can be used for interoperability. \
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The protocol is based on CosmWasm smart contracts and reserved off-chain scripts, it has its own NFT price-oracle that supports the operation of the application.\
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GopLend is owned by the **CryptoGopniks community** and controlled using the [**Gopniks DAO**](https://wp.cryptogopniks.xyz/new-collection/welcome/broken-reference) ($GOP)

## **Key benefits of GopLend:**

* <mark style="color:yellow;">**Yield on USDC Deposits:**</mark> Earn interest on your tokens by participating in lending. Take liquidity out anytime by swapping bglUSDC for USDC (soon)
* <mark style="color:yellow;">**NFT-Collateralized Loans:**</mark> Borrow USDC using your NFT as collateral. Borrow as much as you can. Get coins instantly, pick up NFT at any time, after giving back the borrowed coins
* <mark style="color:yellow;">**Liquidation Mechanism:**</mark> Fair and efficient management of collateral in case of defaults. Opportunity to buy NFT with a discount of up to 20% off the price on the marketplace

All these 3 components - **Deposits, Borrows and Liquidations** **short-circuit the economic zone of GopLend**, making it self-sustaining.\ <br>