How does it work?

Wrapped NFT lending protocol

As a lender, depositing your NFT to our proxy contract is required. Follow up with set-ups of the lending period, and interest rate. The order will be listed on the borrow list and waiting to be borrowed.

As a tenant, or renter, after you choose an NFT, confirm the period and interest rate, and pay for the interest, you will receive a wrapped NFT Token, which represents your ownership of the NFT within the period. Thus, you will be able to prove ownership of the NFT by our platform/app to someone such as NFT issuers, or service providers that recognize the proof of ownership.

By the time the rental expires, our proxy contract will mark the wrapped NFT as unavailable, representing the expiration of the rental. Meanwhile, the lender will receive the interest.

Collateralized  NFT lending protocol

As a lender, you will be asked to set up your lending period, interest rate, and collateral value, then submit a rental order, The order will be listed on the borrow list and waiting to be borrowed.

As a borrower, after you choose an NFT, and confirm the period and interest rate, you will have to mortgage some assets, such as wETH/DAI of equal value. Once the lender approves, you will receive the actual NFT, not the wrapped one, which is different from the above one.

By the time the rental expires, the tenant/renter must return NFT to the lender on time, otherwise, your collateral will be liquidated.