Rip & Loan
Rip, trade and borrow against your graded collectibles.
Rip & Loan is a real-world asset protocol on LitVM focused on graded physical collectibles, specifically Pokémon cards. The official directory describes it as a platform to rip, trade, and borrow against graded items. According to its website, the application combines pack-opening simulations, an order-book exchange with depth charts for graded slabs, and collateralized lending infrastructure. The site states that users can deposit graded cards into a vault to borrow liquidity or supply funds into per-card lending vaults modeled on isolated lending markets. The project notes on its interface that its current deployment is a demo experience using simulated assets, prices, and yields without real money involved, accessible via Ethereum-compatible wallet authentication.
Questions
- What core mechanics does Rip & Loan describe on its platform?
- According to its website, the platform includes digital pack openings where pulls become tradeable graded assets, an order-book marketplace for graded cards, and isolated lending vaults where users can borrow against card collateral or supply liquidity for yield.
- Is Rip & Loan operating with live funds?
- The project's site states that its current implementation is a demo environment where card inventory, pricing, and lending yields are simulated.