# Summary

Debita is an innovative decentralised peer-to-peer lending protocol with custom terms and time-based liquidations that allows users to borrow against ERC20 compatible tokens and NFTs, with a strong focus on veNFTs, as collateral, facilitating streamlined and flexible interactions between borrowers and lenders.

Debita V3 introduces significant upgrades that improve capital efficiency and user experience, such as:

* Integration of oracles to calculate ratios upon order acceptance to prevent price fluctuations from rendering offer parameters outdated and removing risks that come with it for supported assets<br>
* Allowing borrowers to use their collateral to accept liquidity from multiple lenders at once.<br>
* The introduction of a new marketplace for trading veNFTs, which features Dutch Auctions, primarily to solve issues related to defaulted (unsplittable) veNFTs liquidations but open to public use.
* An advanced veNFT management tool that allows users to still have control over main features of the asset while utilising it inside Debita’s ecosystem.


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