Kairos Loan

Kairos Loan is a decentralized finance (DeFi) protocol that enables non-fungible token (NFT) holders to secure instant loans by using their digital assets as collateral. Founded in 2021 and launched in 2023, the Luxembourg-based company develops a lending protocol designed to offer better loan-to-value (LTV) ratios and immediate borrowing capabilities. The platform was co-founded by Joseph Bosselut, who serves as the CEO.

Kairos Loan employs a hybrid model that combines a peer-to-peer approach with a peer-to-pool system, utilizing an order book and a matching engine to instantly connect borrowers with suitable lenders. This structure aims to provide capital efficiency for lenders and a straightforward borrowing process for users. Borrowers can select their desired loan duration and the NFTs they wish to use as collateral. The platform initially supported prominent Ethereum-based NFT collections like Bored Ape Yacht Club, Doodles, and Azuki, with plans to expand to other blockchain networks such as Polygon and Arbitrum to mitigate high gas fees.

The protocol's liquidation process is designed to protect borrower interests. If a loan defaults, Kairos initiates an auction for the collateralized NFT. In cases where the borrowed amount is less than the NFT's final sale value, the borrower receives a share of the remaining proceeds. This feature allows asset holders to unlock the value of their NFTs without a complete sale. The company is also developing the Kairos NFT index token ($iKRS), a digital asset representing a diversified collection of co-owned blue-chip NFTs, intended to offer broader market exposure with lower transaction costs.

Keywords: NFT lending, decentralized finance, crypto loans, NFT collateral, peer-to-peer lending, digital asset loans, blockchain finance, order book protocol, NFT liquidity, loan-to-value, DeFi protocol, instant loans, NFT-backed loans, crypto lending, Ethereum, Polygon, Arbitrum, Bored Ape Yacht Club, Azuki, Doodles