WEMIX3.0
NILE (ENG)
NILE (ENG)
  • What is NILE?
  • DAO
    • DAO
    • Introduction to Neith Protocol
      • Station
      • Obelisk
      • Treasury
      • Governance
      • Trust
      • Incinerator
      • Creator
  • Life
    • Featured Life
    • NFT Project
    • DApp Project
  • Marketplace
    • NFT Marketplace
    • Offering
    • Trading
  • NFTFi
    • NFTFi
    • Borrow
    • Lend
  • Tokens
    • Token on NILE
  • GUIDES
    • Getting Started
      • How to create wallet
      • How to connect wallets
    • Marketplace
      • Participate in English Auctions
      • Buy Now
      • List NFT for Sale
      • Make Offer
      • NFT Ownership Transfer
      • View List of Owned NFT
    • NFTFi
      • Apply for Borrow
      • Manage Borrow
      • Repay Borrow Amount
      • Bid on Lend
      • Manage Lend
      • Receive Repayment
      • Transfer NFT Ownership
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  1. GUIDES
  2. NFTFi

Manage Borrow

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Last updated 1 year ago

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

Manage Borrow

  • Go to the detailed page of the product.

  • You can review the information of your Borrow and the repayment details from this page. Select the 'Receive Borrow Amount' button to receive your borrow amount.

i) Receive Borrow Amount (Bid successful)

  • Go to the detailed page of the product and select the 'Receive' button.

  • Review the information regarding Borrow, and select the 'Receive' button if there are no issues.

  • When you apply for Borrow, the platform fee you paid will be refunded along with the borrow amount. At this time, gas fees are paid to cover the transaction costs. This fee is subject to real-time fluctuations.

  • Borrow amount received.

ii) Reclaim NFT (Bid unsuccessful)

  • Go to the detailed page of the product and click on the 'Reclaim NFT' button..

  • Confirm the details of the NFT you are reclaiming. If everything looks correct, click the 'Reclaim' button.

  • When applying for a Borrow, the platform fee will be refunded along with the borrow amount, and gas fees are required for transaction processing.

  • Collateral NFT retrieved.