Unlocking Liquidity.

Fill in Application Form.

To start the borrowing process, NFT holders must fill in an application form that includes their NFT details and the desired loan amount. The application form will also require the borrower to agree to the loan terms and conditions, including the collateralization ratio of 150%, the annual interest rate of 15%, and the maximum loan period of one year. Additionally, the borrower must pay a 0.002 ETH processing fee, which covers transaction fees and the team's time. Once the application is submitted, the borrower must wait for approval from the lending team.

Wait for funds to arrive.

Once the application is approved, the borrower will receive the loan amount in Ethereum. The NFT asset will be held as collateral to ensure the loan amount is always covered by the value of the NFT. The borrower will have access to the funds as soon as they arrive, and they can use them as they see fit.

Keep track of your interest.

During the loan period, the borrower must keep track of the interest rate and ensure that they make timely interest payments. The annual interest rate of 15% will be charged on the loan amount, and the borrower will be required to pay this interest on a regular basis until the loan is fully repaid. The lending team will provide clear instructions on how to make these interest payments and keep the borrower informed of any changes to the interest rate or loan terms.

Repay your loan on time.

The borrower must repay the loan amount in full at the end of the loan period. The maximum loan period is one year, and the borrower must ensure that the loan is fully repaid within this time frame. Failure to repay the loan on time may result in the NFT asset being forfeited as collateral. The lending team will provide clear instructions on how to repay the loan, and the borrower must follow these instructions carefully to avoid any delays or penalties.