Accept Loan Offer

To view and accept loan offers for your listed NFTs, follow these steps:

1. Navigate to the "My Loans" section and select the "Offers" tab.
2. Review the NFTs that have received loan offers.
3. Choose the NFT you want to use as collateral and click the "Accept" button.
4. Sign the transaction to transfer the asset to escrow, where it will be locked in the smart contract for the duration of the loan or until repayment.
5. Once the process is completed, you will receive an Obligation 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. Not paying the loan on time will have a negative impact on your NettyScore.