⬅️Borrowing
How to borrow liquidity in Levvy using your NFTs 101
Levvy offers borrowers the opportunity to access liquidity promptly through a competitive lending system, enabling them to optimize their loan-to-value ratio.
With this system, lenders compete with each other to provide the highest loan amount, ensuring borrowers can maximize their borrowing potential.
Our team conducts a thorough analysis of loan metrics and utilizes an algorithm to carefully balance the supply and demand between lending and borrowing. This enables us to determine the most suitable interest rate for each collection, ensuring an optimal lending experience.
Open the website https://levvy.fi/ and connect the wallet of your preference;
Choose NFTs
Click on "Start Borrowing Now";
Choose the collection from which you have an NFT to use as collateral;
Follow the steps, sign the transaction, and you're done!
Manage your loans by sorting through Pending and Active loans on the "Manage" tab!
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