Request to Borrow

1 min. readlast update: 06.20.2024

Borrow ADA allows you to use your NFT's as collateral for loans. Set your desired borrow amount, terms and collateral. A lender can then choose to accept your borrow request.

1. To create a request to borrow ADA, go to the collection page of the asset > Loans > Borrow ADA

2. From the Request to Borrow Tab, you can set the amount you would like to receive, interest willing to pay, duration of the loan and the NFT you would like to use as collateral for the Borrow.

3. Sign the request transaction and wait for the transaction to confirm on the blockchain.

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