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T TON Adoption
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LENDING · 2026

DAOlama

NFT-collateralised lending on TON — borrow TON against NFT collections without selling

Open DAOlama Lending

Key facts

Founded
2023
Public audit
Yes
Open source
Partial
Security
7.5 / 10

Pros

  • The only scaled NFT-lending venue on TON
  • Direct Getgems and Tonnel integration for liquidation auctions
  • Audited by independent TON-ecosystem firms
  • Leverage strategies — loop positions on whitelisted collections
  • Transparent parameters: LTV, liquidation threshold and fees are on-chain

Cons

  • Narrow whitelist — blue-chip collections only
  • Liquidations on a thin NFT market can clear below floor — realised loss exceeds the on-paper one
  • Dependent on Getgems / Tonnel — if the main marketplace stalls, liquidations are delayed
  • High floor volatility triggers liquidation events more often than in DeFi blue-chips
  • Parts of the core code are closed

What it is and who it fits

DAOlama (`app.daolama.co`) is the main NFT-lending protocol on TON. The logic is the classic peer-to-pool: an NFT owner from a whitelisted collection deposits the item into the contract and receives a TON loan at a fixed LTV (loan-to-value). If the market price of the NFT drops below the liquidation threshold the collateral is liquidated and sold through the integrated mechanism; if the borrower repays in time the item returns. On top of basic lending DAOlama runs leverage strategies — buy an NFT, collateralise it, buy another one with the borrowed TON, loop several times for a leverage position (a familiar Aave-style loop, on NFTs). The strength is being the only scaled NFT-lending venue on TON, plus direct integration with Getgems and Tonnel for liquidations and audits by independent firms. The weakness is the narrow whitelist (blue-chip collections with stable floor only), and liquidations on a thin NFT market can clear below floor. For a holder of a top collection who needs liquid TON without selling, DAOlama is a unique answer inside the TON ecosystem.

Loan parameters

Collateral type
Whitelisted TON NFT collections (blue-chip)
LTV and liquidation
Target LTV is 40–55% of collection floor, the exact value depends on liquidity and volatility. The liquidation threshold sits 10–15 points above the target LTV.
Fees and rate
Borrow rate floats with pool demand. Origination and liquidation fees are spelled out in the docs.

Score breakdown

  • Security 7.5 / 10
  • UX 8.0 / 10
  • Features 8.5 / 10
  • Ecosystem 8.0 / 10
  • Overall 8.0 / 10

Scores reflect editorial opinion, not an independent audit. Affiliate links route through our /go/?to= cloak — details on the disclosure page. APY, fee and LTV figures are correct at publication; always cross-check on the service itself.

Open DAOlama

NFT-collateralised lending on TON — borrow TON against NFT collections without selling

app.daolama.co

Open DAOlama

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