OpenSky Finance is the first hybrid NFT lending and borrowing protocol powered by Aave, offering peer-to-pool instant loans and peer-to-peer bespoke loans. It enables borrowers to seamlessly switch between these two types of loans in a single transaction.

OpenSky has innovated a discrete time-based liquidation (DTBL) mechanism that dramatically improves borrower UX while simultaneously cutting the risk of bad debt because of the discrete nature of the loans being made across time. In other words, only some of the loans may face liquidation at any single point in time.