π Search for any NFT collection that is supported on our Active Pools list on either OpenSea or LooksRareand copy the URL of your favorite NFT that is listed for SALE.
(If the supported NFT is not listed for SALE, the PNPL wonβt be able to proceed)
π Paste the URL as follows & select Start to continue:
π You should now be presented with the valuation and terms of your NFT:
β By default the most favorable pool is selected for you to borrow against. However always explore multiple pool options to see if one exists that better meets your criteria:
π Select the amount you want to borrow to help purchase your NFT
π When you want to proceed ensure you approve the collection first if not done so yet
π¦ Approve the transaction when prompted
π You should see a pop-up that your transaction is processing on the blockchain
β²οΈ And simply wait for it to be completed
π You may now proceed purchasing your NFT by selecting βBuy Nowβ:
π¦ Approve the transaction and wait for the magic to happen.
π Congratulations! Once the loan is repaid the NFT will be transferred to your wallet!
π You can review and pay off your Open Loan at any time:
π You can also choose to extend your loan by selecting βExtend Loanβ.
π Here you will be presented with several options. Similar to selecting a pool when initially opening a loan, you can also browse multiple pools here and select one with conditions according to your criteria.
π Now select the New Borrow Amount and select Extend to execute
β And thatβs it! Once you pay off your loan, the NFT will be under your full ownership.
β Be sure to check out our Lending FAQs page for more information or if you have any questions regarding our Borrowing feature.