DAOLama (Lending, Borrowing, Rentals)
DAOLama is an NFT lending and rental protocol on TON blockchain that integrates with Degenphone numbers. This integration adds financial utility beyond telecommunications.
What DAOLama Offers
Through DAOLama, your Degenphone numbers can:
Serve as collateral for borrowing TON. Be listed for rent to generate passive income. Be bought and sold through their marketplace interface.
This creates financial utility for numbers you own but aren't actively using for SMS.
Lending & Borrowing
The lending feature lets you use Degenphone numbers as collateral to borrow TON without selling them.
Visit Daolama to get started
Connect your wallet containing Degenphone NFTs. Select the number you want to use as collateral. The platform shows the maximum TON you can borrow based on the number's estimated value.
Choose your loan amount and review terms including interest rate and duration. Approve the transaction to lock your NFT in the lending smart contract.
Receive TON in your wallet immediately after confirmation. The borrowed TON is yours to use however you want.
While Your Number is Collateralized:
The NFT stays locked in the smart contract. You cannot transfer, sell, or use the number's SMS functionality during the loan period. The number remains yours but is temporarily inaccessible.
To get your number back:
Repay the loan amount plus accumulated interest within the agreed timeframe. Approve the repayment transaction in your wallet. The smart contract automatically releases your NFT back to your wallet with full functionality restored.
If You Don't Repay:
Failing to repay within the loan period means you forfeit the collateralized number. The lender can claim the NFT as compensation. This is the risk of using NFTs as loan collateral.
Trading on DAOLama Marketplace
DAOLama also operates a marketplace where Degenphone numbers can be bought and sold, similar to the native Degenphone marketplace.
The interface works similarly: browse listings, check number details, buy numbers with connected wallet. DAOLama marketplace may have different fee structures than the native Degenphone marketplace.
Most users prefer the native marketplace at degenphone.xyz/market for better integration and lower fees, but DAOLama provides an alternative platform.
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