Panda Pawn Shop

📖 Panda Pawn Shop Documentation

Everything you need to know about NFT backed PDA loans

🎯 How It Works

Panda Pawn Shop allows you to get instant PDA liquidity by using your Proton Pandas NFTs as collateral. Lock your NFT, receive PDA, and repay within 14 days to get your NFT back!

Connect your WebAuth wallet
Select a Proton Panda NFT from your wallet
Click "Lend NFT for PDA" to create a loan
Receive 5% of the floor price in PDA instantly
Repay the loan + 10% interest within 14 days
Get your NFT back!

🔐 Requirements

Minimum PDA Balance: You must hold at least 555,555 PDA in your wallet to use the platform.

Buy PDA on Alcor

💰 Loan Terms

Parameter	Value
Loan Amount	5% of NFT Floor Price
Interest Rate	10% flat (not APR)
Loan Duration	14 Days
Interest Split	60% Burned 🔥 / 40% to Vault

🧮 How to Calculate Your Loan

Loan Amount = Floor Price × 5%
Interest = Loan Amount × 10%
Total Repayment = Loan Amount + Interest

Example:

If Floor Price = 2,082,863 PDA

Loan Amount = 2,082,863 × 5% = 104,143.15 PDA
Interest = 104,143.15 × 10% = 10,414.31 PDA
Total Repayment = 104,143.15 + 10,414.31 = 114,557.46 PDA

⚠️ What Happens If You Don't Repay?

If you fail to repay within 14 days:

Your loan expires and becomes "defaulted"
Your NFT is transferred to the PandaVault
You keep the PDA you borrowed
Your NFT may be auctioned or sold

⏰ Always repay on time to keep your NFT!

🔥 Interest Distribution

When you repay your loan, the interest is split:

🔥 60% BURNED - Sent to token.burn, permanently removed from supply

🏦 40% TO VAULT - Goes to PandaVault treasury

This deflationary mechanism helps maintain PDA scarcity!

❓ FAQ

Q: Can I repay early?

A: Yes! You can repay anytime before the 14-day deadline.

Q: Can I extend my loan?

A: No, loans cannot be extended. You must repay within 14 days.

Q: What collections are supported?

A: Currently only Proton Pandas. More collections coming soon via governance vote!

Q: How is the floor price determined?

A: The floor price is set by the admin and updated periodically based on market conditions.

🗳️ Governance

Participate in community governance and vote on proposals:

🗳️ Go to Governance Portal

Lock your Proton Pandas NFTs to access short term PDA liquidity.
Repay your loan to get your NFT back or default and the NFT goes to the vault.

🐼 Small loans • ⏱ 14 Day terms • 🔥 60% of interest burned

Floor Price

Loan Amount Available

Total Loans - Lifetime Count

Total Current Outstanding Loans

Total PDA Burned

Your Active Loans

Select Proton Panda to Lend Floor: -- PDA

Connect wallet to view your NFTs

Selected NFT

No NFT selected

Loan Terms

⏱ Duration
14 Days

💰 Loan
5% of Floor

🔥 Interest
10%

♻ Split
60% Burn / 40% Vault

📋 Your Active Loans

No Active Loans

You don't have any active loans. Go to "Lend NFT" tab to create one!