Banx is a peer-to-peer NFT lending platform on Solana, offering perpetual loans with no fixed duration. It enables borrowers to repay at any time, with interest rates based on loan-to-value ratios. Lenders can create offers for specific collections and participate in refinancing auctions if they wish to exit. The platform ensures flexibility for both parties, facilitating refinancing options and fixed APR for lenders once an offer is accepted.
Historical event: FRAKT (FRKT) has rebranded to Banx (BANX) and migrated from their old Solana contract to a new one. For more information please visit their docs: https://docs.banx.gg/team/about-us#jun-2021

Old token page: https://cryptorank.io/price/frakt