> For the complete documentation index, see [llms.txt](https://docs.honey.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.honey.finance/honey-p2p/overview.md).

# Overview

[**Honey P2P**](https://p2p.honey.finance/) is built as a **layer 2** application on top of Honey's core lending product. It is meant to drive [capital efficiency](https://docs.honey.finance/products/honey-p2p/refinancing#capital-efficiency) in the protocol by allowing lenders and borrowers to be matched in peer-to-peer (P2P) markets.

Just like any layer 2 application, it can exist on it's own and can thus be used as a normal peer-to-peer marketplace for loans.

Honey P2P focuses on supporting financial NFTs, such as options, derivatives, or complex liquidity positions. As a **permissionless** dapp, anybody can use it to collateralise any NFT and build **open source** use-cases on top of Honey P2P.

## Explore P2P lending

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[Refinancing](/honey-p2p/refinancing.md)
{% endcontent-ref %}

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[Protocol fees](/honey-p2p/protocol-fees.md)
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[Lending](/honey-p2p/lending.md)
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[Borrowing](/honey-p2p/borrowing.md)
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