🤝Lending NFTs
Learn how to utilize the lending and borrowing features integrated into each NFT collection on VTOPIA Marketplace. Get an overview of how to lend and borrow NFTs directly from within a collection.
Lending and Borrowing within Collections
VTOPIA Marketplace offers a seamless way to lend and borrow NFTs directly within each collection. This integrated feature allows users to maximize their assets and gain access to liquidity without having to leave the collection page.
How It Works
Step 1: Navigate to a Collection
Explore Collections:
Browse or search for your desired NFT collection on VTOPIA Marketplace.
Click on the collection to open its detail page.
Access the Lending/Borrowing Tab:
Within the collection page, locate the "Lend/Borrow" tab next to other tabs such as "Items," "Activity," and "Offers."
Click on the "Lend/Borrow" tab to access the lending and borrowing features.
Lending NFTs
Select NFTs to Lend:
Within the "Lend/Borrow" tab, navigate to the lending section.
Choose the NFTs you wish to lend from your collection.
Set Loan Terms:
Enter the details for your loan offer, including:
Loan Amount: The amount of cryptocurrency you are lending.
Duration: The length of time the loan will be active.
Interest Rate: The annual percentage yield (APY) you are charging.
Confirm and List:
Review your loan terms and confirm the transaction in your wallet.
Your loan offer will be listed within the collection’s lending section, visible to potential borrowers.
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