Borrow ETH
Last updated
Last updated
Choose one NFT pool The second half of the webpage is a board that lists all NFT pools. One pool contains merely one NFT collection. If there's no NFT collection that you would like to offer as collecteral, please wait for a while as you will be allowed to apply for a new pool for a NFT in future versions. As we collect enough applications for the NFT, a new pool will be built. Here's some key information about this NFT, borrowable stETH and your deposit records. If you'd like to see detailed information about a NFT pool, just select one and click Details. Then the browser will jump to another webpage.
On the top half of the webpage, it shows: 1 One image of one NFT in this collection. 2 The name of the NFT collection. 3 Some important information about liquidity in this pool. 4 Click a button to conduct an operation. If you have ETH and you want to make a profit through lending your ETH, click Lend ETH. If you have at least one NFT belonging to this NFT collection and you want to borrow ETH, click Borrow ETH. Detailed guides are below.
To borrow stETH, click “Borrow stETH”.
All your NFT belong to current NFT collection will be listed here.
On this page, the total borrowable amount of your chosen collateral is shown on the right end of the slider. You are able to set any amount you would like to borrow as long as it is lower than your max borrowable amount. Set the desired loan period and borrow amount, and click Continue.
Confirm the NFT as collateral. The platform will provide a new certificate (copy of your NFT) for you, and you still enjoy all rights of the NFT .
Approve on your Metamask popup by clicking the Confirm button .
Once you confirm the loan, your NFT will go into a secure escrow smart contract, and you will receive the copy of your collateral NFT and the ETH from the pool directly to your wallet.
On the Dashboard-borrow page, all your loans are listed here. If you would like to repay, choose one loan and click the "Repay" button, and you are able to repay the whole or part of the loan. When you choose to repay part of your loan, the interest rate of remaining loan will be recalculated. Once you repay your loan of a NFT in time, the NFT will be automatically transferred back to your wallet.
