# Introducing BAE

## What is BAE?

BAE is a dynamic peer-to-peer NFT lending protocol built for Hyperliquid

BAE supports bi-directional loans: 

* Borrowers can request a loan with custom terms
* Lenders can submit custom offers to NFT collections

Both parties can initiate a loan by accepting the lending offer or fulfilling the loan

## For Borrowers

* Borrow WHYPE or kHYPE against NFTs
* Scan the Offers Market to acquire a loan
* No automatic liquidations
* No recurring interest payments

## For Lenders

* Lend WHYPE or kHYPE to top collections
* Create multi-collection lending offers
* Find matching loans on the Loans Market
* NFT is put to escrow upon loan activation

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Discover Protocol Architecture:

{% content-ref url="protocol" %}
[protocol](https://docs.bae.eco/protocol)
{% endcontent-ref %}

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Review User Guides:

{% content-ref url="how-it-works" %}
[how-it-works](https://docs.bae.eco/how-it-works)
{% endcontent-ref %}

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BAE Points Program:

{% content-ref url="points-program" %}
[points-program](https://docs.bae.eco/points-program)
{% endcontent-ref %}

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BAE's flagship NFT collection:

{% content-ref url="bae-nft-collection" %}
[bae-nft-collection](https://docs.bae.eco/bae-nft-collection)
{% endcontent-ref %}