Prax AI
  • Welcome to Prax AI
  • FAQ
  • 💁 GUIDES
    • Borrowing on Prax AI
      • Creating a loan request
      • Borrowing from asset/collection page
      • Repaying loans
    • Lending on Prax AI
      • Funding loans
      • Making token and collection offers
      • Claiming repayment
      • Claiming defaulted collateral
Powered by GitBook
On this page

Welcome to Prax AI

NextFAQ

Last updated 4 months ago

is a central-go-to hub for peer-to-peer permissionless lending protocol powered by AI.

In the true spirit of DeFi composability, Prax AI users can borrow against—or lend using—any asset in their wallet (ERC-20, NFT, and even a bundle of both), while enjoying absolute flexibility on the loan terms (LTV, duration, APR, etc.).

The oracle-less nature of the protocol protects all Prax AI loans from price-based liquidations. The only way to lose collateral is to default on a loan.

Prax AI opens up new liquidity avenues, composability options, and leverage opportunities, while giving its users both optimized capital efficiency and predictability on both sides of the loan. A win on all fronts.

The Prax AI Protocol is currently deployed on Ethereum, Polygon, Optimism, Arbitrum, Base, Binance Smart Chain, and Cronos.

How are the Prax AI docs organized?

  • FAQ: Find an answer to all the questions you might ask yourself about Prax AI.

  • Guides: Your step-by-step tutorials to get the best out of Prax AI.

Prax AI