Creating a borrowing offer
Last updated
Last updated
Visit https://app.pwn.xyz/offers/borrow and connect your wallet.
Click "Make a Custom Offer" button
Pick your collateral and amount (you can use tokens and NFTs, and even bundle both).
Pick the borrowed asset and amount
Pick your desired loan terms:
Loan to Value
Fixed APR (Interest rate)
Max Loan Duration
Proposal validity period
Advanced Settings: adjust the Minimum Borrow Amount
Review and submit your borrowing offer by clicking on "Post Offer"
Once your borrowing offer is submitted, it will appear in the "Lend" section of the Market, where any lender will be free to fund it or counter-offer.
⚠️ The asset(s) listed as collateral won't leave your wallet until your borrowing offer gets funded. Make sure they remain available until your offer expires or it will be invalid.
You'll be notified in the app once when one of your offer gets funded.
Once you get funded, you'll be prompted to set a reminder. All you have to do next is to make sure you repay on time to avoid defaulting.
⚠️ You can cancel or edit your borrowing offer at any time. Simply head to the "Your Lending" section in your Dashboard, find the offer you'd like to edit and cancel and click the corresponding button.