How to Become a Lender?
First, a NFT lending pool can be created by anyone who likes that NFT and want to lend money against it.
Second, if you have crypto and you seek to gain some extra income through DeFi activities, you can deposit into one or more NFT lending pools.
You might have the chance to become an owner of the NFT, either by yourself or collectively with other lenders, when the NFT HODLer fails to repay the loan. The liquidation process will be composed of two Money Legos parts, a 'Timed Auction' and a fractionalization function.
Last modified 8d ago
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