> For the complete documentation index, see [llms.txt](https://docs.wemix.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.wemix.com/nile-en/guides/nftfi/bid-on-lend.md).

# Bid on Lend

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* Connect a wallet that supports the WEMIX3.0 Mainnet.

### Initial Bid

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* Enter the products tab and select the product that matches your preferred bidding conditions. Once you've made your selection, click on the 'Place Bid' button. \
  (Please note that you'll need to specify details such as the lend amount, fixed lend rewards, annual return on lend, and periodic return on lend.)&#x20;
* Ensure that your wallet contains sufficient funds to cover both the lend amount and the associated gas fee before placing a bid for any product.

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* Once you've examined the bidding history, which includes the current highest bid, and reviewed the information provided in the Details section at the bottom, you can establish your bidding conditions.
* Next, click on the 'Place Bid' button to proceed with the bidding process.

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* Click on the 'Place Bid' button after reviewing the bidding information.&#x20;
* Please note that a gas fee is required to process the transaction. Be aware that this fee is subject to real-time fluctuations.

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* Bidding completed.

### Manage Bid

**If my bid is likely to be accepted**

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* A 3-hour countdown will start when the bid is placed. If a higher bid is placed, another 3 hours will be extended.&#x20;
* The countdown will end if there are no higher bids, and Lend will be confirmed.

**If you wish to rebid in response to a higher bid**

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* Go to the detailed page of the product.
* Enter the desired bid amount, and click on the 'Place Bid' button.

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* In the case of rebidding, only the additional amount added on top of the previous bid will be charged.&#x20;
* Please review the bid information, then press the 'Place Bid' button.

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* Rebidding completed.
