Guides
Guides

Make Loan Offer

When browsing the NettyWorth Loan Marketplace you can make a loan offer by doing the following:

  1. Navigate to the "Lend" section to view all the listed NFT assets.
  2. Select the asset you wish to provide a loan for to open its loan request page.
  3. Instead of accepting the borrower’s terms, click the "Counter" button to propose your own loan terms.
  4. Set your desired loan terms and submit the “Counter” button.
  5. Your counteroffer will appear in the "Open Offers" section for the borrower to review and accept.
  6. If the borrower accepts your counteroffer, you will receive a notification and email that the loan has started.
  7. The principal amount of ERC-20 tokens will be transferred to the borrower through the protocol, and the collateral assets will be moved into escrow.
  8. Both the borrower and lender will receive ERC-721 notes in their respective wallets to represent the loan.
  9. The loan will be moved to the "Active" page on the NettyWorth Loan Marketplace, where it will be marked as Active.