Pine Paper V2
  • Introduction
    • 🏕️Overview
    • 🤓Protocol Highlights
    • 📽️Feature Highlights
    • 🛣️Roadmap
  • 🌲Pine Protocol
    • Overview
    • Loan Structure
    • Loan Parameters
    • Loan Lifecycle
    • NFT Valuation
    • Protocol Fee
    • Compliance
    • Team
  • 🪄Pine Features
    • Pine Now Pay Later (PNPL)
    • Bid Now Pay Later
    • Bulk Borrowing
    • Pine Listing
  • 🔐Risk & Security
    • Credit Risk
    • Smart Contract Audit
  • 🌌Ecosystem
    • Overview
    • Pine Token
    • PineDAO
    • Age 1
    • Age 2
    • Age 3
  • 📚PINE GUIDES
    • Guides Overview
    • Borrowing
    • Lending (NFTs)
    • Lending (SFTs)
    • Pine Now Pay Later
    • Staking & Burning
    • Governance Voting
  • 🧙‍♂️FAQs
    • General
    • Borrowing
    • Lending
    • SFTs
    • Pine Now Pay Later
    • $PINE (Governance)
    • Troubleshoot
    • Resources
  • 💼We're hiring!
    • Open Positions
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  1. Pine Features

Bid Now Pay Later

Built on top of Pine Now Pay Later to enable users to place bids instead of taking market offers directly. With this feature, users are able to place a bid for a particular NFT without holding the equivalent amount of ETH in their wallets. A bid can be placed via our smart contract with margin in a fraction of the total amount. Whenever a user places an active bid via Pine, a loan is granted against the ETH margin to finance the leverage bid. After the acquisition goes through, the loan would become a regular Pine loan with the NFT serving as collateral.

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Last updated 1 year ago

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