> For the complete documentation index, see [llms.txt](https://docs.kyoko.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.kyoko.finance/how-it-works/peer-to-pool-nft-lending-platform.md). # Peer-to-Pool NFT Lending Platform Kyoko aims to be the pioneer in decentralized, dual-rate NFT lending protocol by supporting multiple NFT collections. This allows for a one-stop comprehensive solution to NFT market liquidity issues. Users can participate in the platform as either depositors or borrowers. Depositors can provide ETH liquidity to the market and earn a passive income. On the other hand, borrowers can obtain loans by using NFTs as collateral. **Kyoko's key differentiator lies in its ability to provide lending pools for multiple NFT collections. This means that the platform is not limited to blue-chip NFT projects, making it accessible to a broader range of users in the NFT market.** ## The Kyoko Solution One of Kyoko's primary goals is to improve inclusivity in the NFT lending space by allowing for multiple NFT collections to participate in the lending protocol. This is a departure from the current limitation of most NFT lending protocols, which typically cater to blue-chip collections, thereby excluding many other NFT owners from participating in the lending market. By allowing a wider range of NFT collections to be used as collateral, Kyoko is making NFT lending more accessible and inclusive for a broader range of participants. Furthermore, Kyoko is committed to improving the lending risk control model by employing two key risk variables: time-based liquidation and health score liquidation. This approach helps to construct an effective and diversified risk evaluation mechanism that minimizes lending risk exposure. The time-based liquidation system sets a time limit for borrowers to repay their loans, after which the collateral is automatically liquidated. The health score liquidation system evaluates the overall health of a borrower's portfolio and may trigger liquidation in the event of a decline in portfolio health. By employing these two risk variables, Kyoko aims to provide a safer and more reliable lending platform for NFT owners. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.kyoko.finance/how-it-works/peer-to-pool-nft-lending-platform.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.