LendHub

LendHub is an NFT collateral lending protocol on Monad: borrowers deposit blue-chip NFTs and borrow USDT against a share of the collection floor, up to 70%. Rates follow capital utilisation, so borrowing gets more expensive as the pool tightens.

Pricing relies on a floor-price oracle: the contract reads the live floor of whitelisted collections, discounts it to a collateral value, and triggers liquidation when the price crosses the warning line, sending the NFT to auction to repay debt. Only vetted collections are accepted, with the whitelist maintained by governance vote and new entries required to meet thresholds on trading volume and holder distribution. It converts the NFT liquidity problem into a collateral ratio question for holders who would rather not sell, with liquidation parameters and the whitelist forming the boundaries.