Frequently Asked Questions
General
What is CollaFi?
CollaFi is a peer-to-peer NFT lending and borrowing platform built on Hedera. NFT holders can borrow HBAR against supported NFTs, while lenders can fund loans backed by NFT collateral.
What does CollaFi mean?
CollaFi stands for Collateralized Finance: "Colla" refers to collateral and "Fi" refers to finance.
How is CollaFi different from pool-based lending?
Each CollaFi loan begins with an offer from an individual lender and is accepted by an individual borrower. There is no algorithmic loan-pricing pool or protocol-owned lending vault.
What network does CollaFi use?
CollaFi is built for Hedera and uses native Hedera services for HBAR and NFT transfers.
Does CollaFi have a token?
No. Lending and borrowing use HBAR. CollaFi points are not tokens and have no monetary value.
Lending
How do I start lending?
Connect a supported wallet, open Collections, select a collection, and create one or more loan offers. You can create up to 10 offers in one bulk flow.
What interest do lenders earn?
Interest is configured per collection. Before creating an offer, the platform shows the total interest, lender share, and platform interest in both percentage and HBAR terms.
What happens if a borrower defaults?
The lender can claim the NFT collateral from Portfolio after the loan enters default. A fixed claim fee applies according to the original loan principal.
Is there a maximum loan-to-value ratio?
No platform maximum is enforced. Lenders choose their own offer amounts and are responsible for assessing the collection and collateral risk.
What fees do lenders pay?
Lenders pay an offer creation fee and, if applicable, a fee when claiming a defaulted NFT. See the Fees guide for the current structure.
Borrowing
How do I borrow?
Use Instant Loan from My NFTs to take the best eligible offer, or select a collection and choose an available offer manually.
How long do I have to repay?
Loans have a seven-day duration and no grace period. Portfolio displays the deadline and a live countdown.
Can I repay early?
Yes. There is no additional early-repayment penalty, although the full agreed interest still applies.
What happens if I do not repay?
The loan defaults and the lender becomes eligible to claim your NFT. Once claimed, the transfer cannot be reversed.
What fees do borrowers pay?
Borrowers pay a loan acceptance fee and the total collection interest included in repayment. The exact amounts are shown before approval.
Points and rewards
How do points work?
Eligible lending and borrowing actions award points according to rules configured by CollaFi. Points remain tied to the account that earned them.
Do points expire?
Points do not expire through the passage of time. CollaFi may adjust or revoke points obtained through manipulation, abuse, or an error.
Can points be transferred or sold?
No. Points are non-transferable, non-tradeable, and have no monetary value.
What is the Rewards page?
The Rewards page lists NFTs that can be claimed using points. Availability, point costs, and inventory can change.
Platform and support
Which wallets are supported?
CollaFi supports HashPack and wallets that connect through WalletConnect. Available connection options can differ by device.
Which collections are supported?
The Collections page shows all collections currently enabled on the platform.
Are trait-based offers supported?
The standard interface uses collection-level offers rather than trait-specific or rarity-specific offers.
How do I get help?
Use the in-platform support chat, open a ticket in the CollaFi Discord, or email info@w3b.studio.
Note: CollaFi does not provide financial advice. All lending and borrowing carries risk.