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What is Zharta?

Zharta is a real-time NFT loan platform for borrowers and lenders.
Our smart contracts allow you to get instant liquidity from your NFTs without having to sell them.

What are the main benefits of Zharta?

Zharta’s platform was designed to be user-friendly and accessible to anyone, regardless of their level of experience. Thanks to our permissionless protocol, you can get a loan instantly. You can also bundle several NFTs into a single loan, and you will only pay interest on the number of days it actually took you to repay the loan. Additionally, our loans are maturity-based and guarantee liquidation protection during the full time of the loan.

Which browsers and devices are supported?

Currently, we only support desktop devices. We recommend Google Chrome or Firefox for a better experience.

Does Zharta charge Borrowers a fixed fee?

No. Borrowers will only be charged for the interest, which will be split between Zharta and the lending pool.

Can I borrow/lend directly from my Gnosis Safe and other smart contract wallets?

Yes. Our protocol supports EIP-1271, allowing for signature verification when an account is a smart contract. Zharta's smart contracts support Gnosis Safe multi-sig, but the dApp is not yet supported.

When I apply for a loan on an NFT, does Zharta take my NFT?

No. Zharta doesn't get custody of your assets. NFTs used as collateral are held in a smart contract escrow. This means that the assets are held by the smart contract itself, and are always subject to the pre-agreed business rules of the loan.

What is a smart contract? How do they work?

Smart contracts are programs stored within the blockchain that work as self-executing contracts. Once the two parties agree upon the terms, these are coded into the contract and deployed to the blockchain, thus rendering the transaction irreversible, traceable and transparent.

The value of the collateral I used for my loan went down. Can I be liquidated?

No. Our loans offer full protection from liquidation during the term of the loan. Your loan will only default if you fail to pay on time.

If I repay a loan ahead of time do I pay the full interest?

No, the interest charged is pro rata. Even if you take out a loan with a longer duration than you need, you will only pay for the days that passed until you repaid the loan (with a 1-day minimum).

Can I borrow using more than one NFT asset to support my loan?

Yes, you can bundle several assets into a single loan.

I know how much I need but not which assets to collateralize. Now what?

You can select the capital you want to borrow and we’ll help you choose the assets that best support your loan. If you don't agree with our selection, you are free to customize the NFTs you want to use, provided they match the value required for the loan you chose.

Is Zharta a DeFi company?

Yes. Zharta allows for non-custodial loans on top of decentralized smart contracts to take advantage of the strength, transparency, and security of the blockchain networks where your assets are located.

How does Zharta do appraisals?

Our current approach for appraising the value of an NFT is based on a proprietary machine-learning model that takes several NFT KPIs to compute its value. As a backup, we constantly monitor the results against Upshot and NFTBank's models.

How is the liquidation process handled?

When a borrower defaults, their collateralized assets enter a 48 hours grace period. They can repay their loans with a penalty fee to get their NFTs back during this time. After the grace period ends, we will give the lenders the option to purchase the NFTs at a quoted price for 48 hours. If the assets are not sold then, they will be automatically sold to a 3rd party at the current market price.

Which collections can be used as collateral at Zharta?

You can check them out here. More collections coming soon!

How do I ask Zharta to list a new collection?

We are always evaluating the market and adding new collections according to our metrics. If you would like to see your favorite collection on our platform, please fill out this form and we will make sure to study it.

How can I get a loan against my NFT?

Go to https://app.zharta.io/borrow. Connect your wallet (you only need to do this in the beginning) and select the currency and period for your loan. Use the slider to select the loan amount. If auto-select is toggled on, after you choose how much you want to borrow assets will be chosen and suggested to you automatically. You can deselect assets that you don't want to use.
Alternatively, you can toggle auto-select off and manually select the assets you want to collateralize, and we’ll adjust the amount you can loan accordingly.
If you choose to approve the given quote, you are all set. Congrats!

How can I become a lender?

Go to https://app.zharta.io/lend. Connect your wallet (you only need to do this the first time) and choose a lending pool. Click deposit, choose an amount, and you’re done! After making a deposit, you’ll be able to bid for defaulted NFTs that are in your pool and, after a 7-day lock-up period, withdraw the invested amount and your gains.

Which wallets can you use to connect to Zharta?

MetaMask – A browser extension and mobile app. MetaMask is Web3’s most popular wallet and one of the oldest players in the industry.

On which networks does Zharta operate?

At the moment we only operate on the Ethereum Network, but we are working on changing that. Stay tuned!

Which cryptocurrencies does Zharta support?

At the moment our lending pools only support ETH, but we are working on expanding your choices.

Is Zharta safe to use?

When building our blockchain protocol, we ensured our smart contracts were 100% secure so there was no possibility of obstruction. Even our programming language, Vyper, was chosen with efficiency, simplicity, and security in mind. Finally, because our users' peace of mind is our top priority, all of Zharta's smart contracts are audited.

Where can I find more information about Zharta?

Does Zharta have Terms and Conditions?

Yes. You can find them here.