Borrow

Need some liquidity and don’t want to sell your NFT? Or you want to hedge against floor price volatility?

1. Use the sub-navigation to switch between borrowing and managing your open loans.
2. Search incase you own a lot of NFT’s that are eligible for loans
3. Sort your NFT collections
4. You’ll see all the NFT collections in your wallet that you can take loans for here
5. You’ll see the best loans that are available for your NFT for every protocol
6. If you’d like to borrow SOL for your NFT you can open the Borrow drawer

Borrow drawer

Borrow against you NFT(s)!

1. Choose which NFT you want to use as collateral for your loan
2. Select the loan offer you’d like to take.
3. Thoroughly read the loan overview before you take the loan.

After taking a SOL loan you’ll be able to manage your loan in the Manage loans tab.

Manage Loans

Manage your current loans. Keep an eye on this page as there might be ways to recover a certain amount of SOL on your ongoing loans.

1. Use the sub-navigation to switch between borrowing and managing your open loans.
2. Key data on your current loans.
3. Select loans to perform bulk actions such as:
   1. Renew selected: Pay back and renew the selected loans for the same conditions. You’ll either have to pay SOL or can receive SOL depending on the evolution of the collection offers.
   2. Repay selected: Fully repay all selected NFT loans to unlock them.
4. This is where you will see all your outstanding loans and their collateralized NFT.
5. You can compare the collections floor price and your original loan amount.
6. Instantly repay and sell your NFT to a Tensor offer. If you don’t have the SOL in your wallet to cover repaying the loan first. Lender Labs will provide a flash loan for a flat fee of 0.01 SOL. Other than that you can extend or repay your loan.