Accept Collection Offer

To accept a "Collections" offer, follow these steps:

1. Navigate to the "Collections" section under Loans.
2. If you own an NFT from the collection with an open offer, an "Accept" button will appear next to the offer.
3. Click "Accept" to proceed with the loan offer. If you own more than one NFT from the same collection, a pop-up will appear, allowing you to select which asset you want to use as collateral.
4. After selecting the asset, sign the transaction to transfer the NFT to escrow, where it will be locked in the smart contract for the loan duration or until repayment.
5. Once the process is completed, you will receive a Loan Receipt with the loan details. This receipt grants the holder the right to the underlying NFT collateral of this loan upon timely repayment by the borrower.

If the loan is not repaid on time, the lender will have the right to claim the collateral and it will cause a negative impact on your NettyScore.