DAOLama

DAOLama is a DeFi platform on the TON blockchain that enables users to obtain Toncoin loans using NFTs as collateral, rent NFTs, and participate in auctions for overdue collateral. The service operates entirely through smart contracts.

DAOLama lets NFT owners borrow up to 80 % of an NFT’s floor price in Toncoin, rent NFTs to other users, and buy back or auction overdue NFTs. The platform is powered by the $LLAMA utility token and a dedicated liquidity token (DLP).

How NFT‑backed Loans Work#

Connect a TON wallet (e.g., Tonkeeper or TON Wallet).
Choose an NFT from a supported collection.
Initiate a smart‑contract loan and transfer the NFT to the contract.
Receive Toncoin instantly according to the agreed terms.

The borrower can retrieve the NFT at any time before the loan term expires. Loans typically cover up to 80 % of the collection’s floor price; the exact amount also depends on the loan term, number of unique holders, available pool size, and the current TON rate.

Example

An Anonymous Telegram Number with a floor price of 120 TON could be purchased for 48 TON, with the remaining 72 TON plus a 1‑2 TON overpayment returned after 14‑28 days.

Purchasing NFTs in Parts (BNPL)#

DAOLama supports three partial‑payment scenarios:

Partial payment: The buyer pays a portion of the price; the seller receives the full amount, and the platform covers the balance.
Buy‑back or resale: The NFT is placed in a collateral contract; the buyer can later redeem it or list it for sale.
Loan closure via sale: The borrower sells the pledged NFT, receiving profit on top of the remaining payment, which is credited immediately.

NFT Rental Service#

Any user can rent an NFT from another user:

The owner creates an ad with a daily rental price and optional security deposit.
The renter sends the deposit and rental fee to a smart contract.
The NFT is transferred to the renter for the lease term.
At lease end, the NFT returns to the contract and the deposit is refunded.

Since May 2024, Anonymous Telegram Numbers can be rented without a deposit, requiring only payment for the usage period.

Auctions for Overdue Collateral#

If a loan is not repaid by the deadline, the NFT owner receives an additional 24 hours to reclaim the asset. After this grace period, the NFT moves to an automatic auction where holders of DAOLama NFTs with the “Auctions” property can bid and acquire the NFT at a reduced price.

DAOLama NFT Collection#

In March 2023, DAOLama launched its own NFT collection of 514 items. Holders enjoy interest‑free loans, auction privileges, and various discounts on the platform.

$LLAMA Token#

$LLAMA is the platform’s utility token. Holders receive a share of platform profits, discounts, staking opportunities, and liquidity‑providing incentives.

Closed sale: March 2024, limited to DAOLama NFT holders; ended earlier than planned.
Public sale: 29 April 2024, completed in 20 seconds.
Listing: 1 May 2024 on DeDust and STON.Fi exchanges.
Liquidity boost: June 2024, $LLAMA/$TON farming pool on STON.Fi with a liquidity boost; available liquidity exceeded $1.5 M by mid‑month.
Airdrop: June 2024, $12,800 LLAMA airdropped to the top 100 DEX traders.

The token also participates in The Open League, finishing 8th in the Small League during the third season.

Providing Liquidity – DLP Token#

DAOLama issues a DAOLama LP Token (DLP) for liquidity providers. Funds deposited in the Vault are used to issue loans, and 80 % of protocol revenue from each loan is distributed to DLP holders, incentivizing long‑term liquidity provision.

Referral Program#

Referrers earn 10 % of commissions generated by invited users, guaranteed by a smart contract. Referred users receive a 100 % discount on the first deposit and an increased TON allocation. There are no time or amount limits.

All active users automatically join weekly NFT airdrops; each loan and each DAOLama NFT grants one additional chance to win partner‑collection NFTs.

Future Development Roadmap#

Lending protocol for Jettons – extending the collateral model beyond NFTs.
LLama Game – a play‑to‑earn game slated for Q3 2024, with a prize pool funded by $LLAMA buybacks and a dedicated NFT collection.
Custom private keys – upcoming release aimed at enhancing security and anonymity.