# Lending Protocol

**Megaloandon** is a peer-to-pool lending platform, offering higher liquidity compared to traditional peer-to-peer lending models. Borrowers and lenders do not need to negotiate complex terms, making the transaction process faster and more convenient.

By pooling multiple investors into a common fund, Megaloandon allows for risk diversification and creates attractive investment opportunities for both lenders and borrowers.

* Lender deposits APT into pool, earn APR. Megaloandon  mint mAPT is interest bearing token, when repaid, burn mAPT to get initial APT and interest.
* Borrower deposits NFTs as collateral to borrow APT from pool then Megaloandon mint out mNFTs which the same as bounded NFTs have **the same** **metadata, token ID, non-transferable**.

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