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Introduction to P2P Lending

The TokenTrip P2P (Peer-to-Peer) Lending Marketplace allows users to unlock the liquidity of their digital assets without having to sell them. It functions as a decentralized, trustless "pawn shop" for ExperienceNFTs and Fractions.

This system creates a new financial layer on top of the experience economy, driven by two key roles:

  • The Borrower: An owner of a valuable asset (like a rare NFT or a fraction of a luxury package) who needs short-term liquidity.
  • The Lender: A user with available capital (SUI or TKT) who wants to earn a yield by funding secure, collateralized loans.

Core Principles​

Our lending market is built on a foundation of decentralization and transparency:

  • Peer-to-Peer: All loan terms (principal, repayment, duration) are set by the borrower and agreed upon by the lender. There is no central authority dictating interest rates.
  • Oracle-less: The value of the collateral is not determined by an external price feed. Instead, its value is assessed by the open market of lenders who decide whether a loan is worth funding.
  • On-Chain Escrow: The collateral asset is locked in a secure smart contract (ActiveLoan object) for the duration of the loan, guaranteeing its availability for either repayment or liquidation.
  • Trustless Settlement: Both repayment (returning the asset to the borrower) and liquidation (transferring the asset to the lender upon default) are atomic, on-chain actions that execute exactly as programmed.