The Pine Protocol is made up of smart contracts running across several blockchains, including Ethereum, other EVM (Ethereum Virtual Machine) networks, Solana, and more.

Pine Protocol provides the infrastructure for asset-backed lending. Pine Platform is set to work as a decentralized marketplace that connects lenders and borrowers, using non-fungible tokens (NFTs) as collateral to enable instant, permission-less loans; it is built on top of the Pine Protocol.

$PINE serves as Pine’s native governance token, access token, and source of economic incentives, distributed to motivate users to contribute and participate in the Pine ecosystem. This is designed to create a system where participants are compensated for their efforts. $PINE is a core and necessary element of Pine, since without it there would be no incentive for users to spend resources joining activities or providing services that benefit the broader Pine ecosystem. Since more $PINE is granted to users according to their real usage, activity, and efforts on Pine and/or in line with how often and how large transactions are, users of Pine and/or holders of $PINE who do not actively participate will not receive $PINE incentive rewards.

$PINE holders will manage PineDAO, which governs both the Pine protocol and the Pine Platform, and oversees their future development. Through $PINE, holders can submit and vote on on-chain governance proposals that shape upcoming features and/or parameters for Pine, with voting power determined by the amount of tokens staked.