Use BTC as collateral

Get liquidity with a loan request, using your L1-Staked Bitcoin (and other assets) in your Smart Vault NFT as collateral. Earn LASER Points.

🔗 Getting Started:

• Connect to https://beta.vaultlayer.xyz/ using your Ethereum wallet with Smart Vaults NFTs.

• ⚠️ Make sure to use your Core DAO (EVM or "0x...") address.

• Select "Ethereum Wallet" and connect with your preferred EVM wallet.

🖼️ Setting Up Collateral:

• Navigate to Portfolio to view your available Smart Vaults NFTs.

• Click the ">" icon to see available actions for your Smart Vault NFT.

• Select "Use as Collateral" to proceed.

💸 Creating a Loan Request:

• Specify your loan parameters:

  • Loan Amount (in $CORE or $USDC depending on chain).

  • Max Interest Rate (50% - 500% APR).

  • Loan Duration (1 - 90 days).

• Click "List" and confirm both Allowance and Transaction requests in your wallet.

📋 Managing Your Loan Request:

• Successfully created requests receive a transaction (Tx) ID confirmation.

• View your request under "P2P Lending v2" section where it appears as "New".

• ⚠️ You can cancel the loan request from this section if needed.

🤝 Accepting Lender Bids:

• Once lenders bid on your request, you can review and accept offers.

• Check loan terms carefully before clicking "OK".

• Successful acceptance generates a confirmation message.

📊 Loan Management:

• ℹ️ Monitor active loans in the P2P Liquidity Market / Borrowed section.

• Use the "Repay" button when ready to settle your loan.

• Confirm repayment amount and sign the transaction.

🎯 Loan Completion:

• Successful repayment generates a transaction ID confirmation.

• Your Smart Vault NFT collateral is automatically returned to your wallet.