# Whitehole fi

By [Rajanjareda](https://paragraph.com/@rajanjareda) · 2023-03-19

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A thread on

@WhiteholeFi

1\. WhiteHole is a lending platform soon-to-launch on Arbitrum that allows users to use both crypto assets and NFTs to use as collateral. Users can borrow assets for as long as they want. They can retrieve their collateral at any time by repaying their loan

2\. WhiteHole has a EcoScore for each user. It has 5 zones from Red (Low value) to Green (High value). A user with Green Ecoscore will have higher APR, more rebates and benefits as compared to other users with low scores. Users can increase their ecoscore by doing various tasks.

3\. Crypto Lending is somewhat similar to traditional platforms. NFT lending allows a holder to get a loan without actually selling the NFT. There are 2 ways : P2P where users list their NFT for loans and wait for offers from others, and P2Pool where the process works similar to DeFi

4\. The governance token of the platform is GRV (Gravity token). It has a total supply of 1 billion tokens. Users can stake GRV and obtain veGRV to take benefits of things like Boosts, Tax Rates, Deductions,etc. It will also help in protocol decision-making

5\. GRV tokens will be given out as rewards to users who deposit and borrow on the platform. For this, 300 Million GRV will be allocated. There will also be rewards for LPs. Rewards for staking are only paid in GRV. Below is the official chart for allocation for different tokens :

6.Currently, the team is preparing for a private testnet on Arbitrum. Rewards will be given out to testers in the form of mystery boxes which contain GRV tokens. According to the roadmap, mainnet is planned for Q1 2023.The project plans to go multi-chain in the future

7\. The team has prepared basic strategies for beginners in the DeFi space. The content is very well written and easy to understand. You can view the official docs at [http://docs.whitehole.finance](http://docs.whitehole.finance)

Twitter — [https://www.twitter.com/WhiteholeFi](https://www.twitter.com/WhiteholeFi)

Discord — [https://discord.gg/TCWZRT6VAG](https://discord.gg/TCWZRT6VAG)

Whitehole Finance

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*Originally published on [Rajanjareda](https://paragraph.com/@rajanjareda/whitehole-fi)*