Jobs at DeFrag

DeFrag allows borrowers to get an instant loan, without waiting for any counter-parties to accept your loan terms. One reason it is difficult to take a loan against NFTs is due to the volatile nature and in some cases low liquidity of these assets. What happens if the floor collapses? This is precisely why the protocol automatically insures collateralized NFT assets with a financial instrument called a Put Option. In other words, to receive a loan against your NFTs, the protocol purchases insurance on your behalf - you can also think of this as your cost of borrowing.