Borrow with my NFTs
Last updated
Last updated
Before you can begin borrowing ETH/USDT, you must first identify an NFT in your possession that is whitelisted by the platform. To do this, navigate to the Borrow or Asset page. If your NFT is part of the whitelisted collections, you will find a “List” button on the NFT card or you can go to the NFT's detail page to list it.
Step 1 Select the NFT that you want to list. You can directly click on “List” button on the NFT card to request your loan terms or click on the NFT card to enter the NFT delta page to set terms.
Click on “List” button on NFT card:
Click on the NFT card to enter NFT detail page:
Step 2 Take listing an NFT on the detail page as an example, you have two options: list it with or without specifying the requested loan terms.
If you want to list it without specifying your requested terms, simply click on the "Any" button for each term. However, if you want to specify the loan terms, click on the different fields to select currency and input the Loan Amount, Loan Period, Loan Repayment, Annualized Yield. Set each parameter as you wish. If you're not sure about annualized yield, you can specify the loan repayment you'd like to repay, and it will automatically calculate the annualized yield for you.
Step 3 Then, check if you're happy with the terms, click the "Confirm" button.
Step 4 After selecting your requested terms and clicking "Confirm", you will need to click "Grant" to grant SOLARR Credit permission to access your NFT collection. If it is your first time listing the collection in SOLARR Credit, you will need to pay gas fee. You will only need to grant permission for each NFT collection once.
After granting permission, sign with MetaMask to proceed.
Step 5 Once it successfully lists, you will see the terms are set. You can still update the terms or unlist the NFT.
However, if your NFT is not on the whitelist, you could not borrow it in SOLARR Credit. Consider purchasing an NFT from one of the whitelisted collections.
