> 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

<figure><img src="https://3901227812-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FqlGy1XJXC3snSpxBiv12%2Fuploads%2F47d68PbWVIkYGS9hePtR%2F%E1%84%83%E1%85%A2%E1%84%8E%E1%85%AE%E1%86%AF%20%E1%84%8B%E1%85%B3%E1%86%BC%E1%84%8E%E1%85%A1%E1%86%AF%E1%84%92%E1%85%A1%E1%84%80%E1%85%B5_%E1%84%8E%E1%85%AC%E1%84%8E%E1%85%A9%20%E1%84%8B%E1%85%B5%E1%86%B8%E1%84%8E%E1%85%A1%E1%86%AF%E1%84%92%E1%85%A1%E1%84%80%E1%85%B5_1.png?alt=media&amp;token=e729a964-41dd-4983-aa85-42f2f7b2fd25" alt=""><figcaption></figcaption></figure>

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

### Initial Bid

<figure><img src="https://3901227812-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FqlGy1XJXC3snSpxBiv12%2Fuploads%2FJspuAaGKDwmOPxADYuuU%2F%E1%84%83%E1%85%A2%E1%84%8E%E1%85%AE%E1%86%AF%20%E1%84%8B%E1%85%B3%E1%86%BC%E1%84%8E%E1%85%A1%E1%86%AF%E1%84%92%E1%85%A1%E1%84%80%E1%85%B5_%E1%84%8E%E1%85%AC%E1%84%8E%E1%85%A9%20%E1%84%8B%E1%85%B5%E1%86%B8%E1%84%8E%E1%85%A1%E1%86%AF%E1%84%92%E1%85%A1%E1%84%80%E1%85%B5_2.png?alt=media&amp;token=f5cbc0cd-2699-4dcb-98f5-fb94d8652296" alt=""><figcaption></figcaption></figure>

* 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.

<figure><img src="https://3901227812-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FqlGy1XJXC3snSpxBiv12%2Fuploads%2FzQs1bZF8KoSVU7ggTAbA%2F%E1%84%83%E1%85%A2%E1%84%8E%E1%85%AE%E1%86%AF%20%E1%84%8B%E1%85%B3%E1%86%BC%E1%84%8E%E1%85%A1%E1%86%AF%E1%84%92%E1%85%A1%E1%84%80%E1%85%B5_%E1%84%8E%E1%85%AC%E1%84%8E%E1%85%A9%20%E1%84%8B%E1%85%B5%E1%86%B8%E1%84%8E%E1%85%A1%E1%86%AF%E1%84%92%E1%85%A1%E1%84%80%E1%85%B5_3.png?alt=media&amp;token=3ad5e76f-d0bd-4919-b009-63bd9b14371c" alt=""><figcaption></figcaption></figure>

* 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.

<figure><img src="https://3901227812-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FqlGy1XJXC3snSpxBiv12%2Fuploads%2FN96cQ3z5FeNX7DWcHko1%2F%E1%84%83%E1%85%A2%E1%84%8E%E1%85%AE%E1%86%AF%20%E1%84%8B%E1%85%B3%E1%86%BC%E1%84%8E%E1%85%A1%E1%86%AF%E1%84%92%E1%85%A1%E1%84%80%E1%85%B5_%E1%84%8E%E1%85%AC%E1%84%8E%E1%85%A9%20%E1%84%8B%E1%85%B5%E1%86%B8%E1%84%8E%E1%85%A1%E1%86%AF%E1%84%92%E1%85%A1%E1%84%80%E1%85%B5_4.png?alt=media&amp;token=4ee72b76-a195-485e-9cde-6b575c45f81f" alt=""><figcaption></figcaption></figure>

* 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.

<figure><img src="https://3901227812-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FqlGy1XJXC3snSpxBiv12%2Fuploads%2FvAcb90inZPDdWsUrezkW%2F%E1%84%83%E1%85%A2%E1%84%8E%E1%85%AE%E1%86%AF%20%E1%84%8B%E1%85%B3%E1%86%BC%E1%84%8E%E1%85%A1%E1%86%AF%E1%84%92%E1%85%A1%E1%84%80%E1%85%B5_%E1%84%8E%E1%85%AC%E1%84%8E%E1%85%A9%20%E1%84%8B%E1%85%B5%E1%86%B8%E1%84%8E%E1%85%A1%E1%86%AF%E1%84%92%E1%85%A1%E1%84%80%E1%85%B5_5.png?alt=media&amp;token=c8b2072b-31f9-4305-a055-02a91dc91ae5" alt=""><figcaption></figcaption></figure>

* Bidding completed.

### Manage Bid

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

<figure><img src="https://3901227812-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FqlGy1XJXC3snSpxBiv12%2Fuploads%2Fm0xT5nhafyO2RUCo7X0Y%2F%E1%84%83%E1%85%A2%E1%84%8E%E1%85%AE%E1%86%AF%20%E1%84%8B%E1%85%B3%E1%86%BC%E1%84%8E%E1%85%A1%E1%86%AF%E1%84%92%E1%85%A1%E1%84%80%E1%85%B5_%E1%84%8E%E1%85%AC%E1%84%8E%E1%85%A9%20%E1%84%8B%E1%85%B5%E1%86%B8%E1%84%8E%E1%85%A1%E1%86%AF%E1%84%92%E1%85%A1%E1%84%80%E1%85%B5_6.png?alt=media&amp;token=c3f1e021-4678-4877-800d-9ce86cf71a06" alt=""><figcaption></figcaption></figure>

* 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**

<figure><img src="https://3901227812-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FqlGy1XJXC3snSpxBiv12%2Fuploads%2FmRaR7uoB8ERsE3mdinqM%2F%E1%84%83%E1%85%A2%E1%84%8E%E1%85%AE%E1%86%AF%20%E1%84%8B%E1%85%B3%E1%86%BC%E1%84%8E%E1%85%A1%E1%86%AF%E1%84%92%E1%85%A1%E1%84%80%E1%85%B5_%E1%84%8C%E1%85%A2%E1%84%8B%E1%85%B3%E1%86%BC%E1%84%8E%E1%85%A1%E1%86%AF_1.png?alt=media&amp;token=cba5634a-1183-472b-905f-8bd02fb74651" alt=""><figcaption></figcaption></figure>

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

<figure><img src="https://3901227812-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FqlGy1XJXC3snSpxBiv12%2Fuploads%2F7YJdQNXLyrWsbN2bolv8%2F%E1%84%83%E1%85%A2%E1%84%8E%E1%85%AE%E1%86%AF%20%E1%84%8B%E1%85%B3%E1%86%BC%E1%84%8E%E1%85%A1%E1%86%AF%E1%84%92%E1%85%A1%E1%84%80%E1%85%B5_%E1%84%8C%E1%85%A2%E1%84%8B%E1%85%B3%E1%86%BC%E1%84%8E%E1%85%A1%E1%86%AF_2.png?alt=media&amp;token=de5b318d-1945-4195-bf45-d7edc186b43b" alt=""><figcaption></figcaption></figure>

* 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.

<figure><img src="https://3901227812-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FqlGy1XJXC3snSpxBiv12%2Fuploads%2FfnFzOxao81yCHKpN9bHg%2F%E1%84%83%E1%85%A2%E1%84%8E%E1%85%AE%E1%86%AF%20%E1%84%8B%E1%85%B3%E1%86%BC%E1%84%8E%E1%85%A1%E1%86%AF%E1%84%92%E1%85%A1%E1%84%80%E1%85%B5_%E1%84%8E%E1%85%AC%E1%84%8E%E1%85%A9%20%E1%84%8B%E1%85%B5%E1%86%B8%E1%84%8E%E1%85%A1%E1%86%AF%E1%84%92%E1%85%A1%E1%84%80%E1%85%B5_5.png?alt=media&amp;token=b900b59c-4713-43d2-81bb-551a68da4dee" alt=""><figcaption></figcaption></figure>

* Rebidding completed.
