Borrow $CORE with NFT
ℹ️ Get liquidity with a loan request, using your Core DAO NFT as collateral. Earn LASER Points borrowing $CORE.
Last updated
ℹ️ Get liquidity with a loan request, using your Core DAO NFT as collateral. Earn LASER Points borrowing $CORE.
Last updated
Go to https://app.vaultlayer.xyz/ and Connect with your Ethereum wallet holding your Core DAO NFT
⚠️ Make sure to use your Core DAO (EVM or "0x...") address:
Select "Ethereum Wallet" and click "Connect" with your preffered Core DAO wallet:
Click on Portfolio.
You should see your available Core DAO NFTs.
Click on the > icon to check some available actions for it:
Click on Use as Collateral:
Initiate a Loan Request by specifying:
Loan Amount: In $CORE.
Max Interest Rate Willing To Pay: 50% - 500% APR.
Loan Duration: 1 - 90 days.
Click on List, then Confirm the Allowance and Transaction requests in your wallet:
If all went out smoothly, you should get a SUCCESS txId:
You can close the pop-up window and click on Loans v1:
Your Loan Request will show up at the bottom as "New":
Once a lender performs a bid on your loan request, you will be able to accept it:
Check the loan terms and click OK:
If all went out smoothly, you will get a confirmation for the Accept Loan request:
To Repay the loan and get back your NFT collateral, click on the Repay button:
Confirm the repayment value and sign the transaction:
You should get a TX ID confirming you successfully repaid your loan:
At this point you would have successfully recovered your Core DAO NFT collateral.
If you want to Cancel Loan, you can also do it from this section.
You can check the status of any active loans on the Liquidity Market / Borrowed section.
