🍌
NiftyApes: User Docs
HOMECAREERSWHITEPAPER
  • 🍌What is NiftyApes?
    • 📃Whitepaper
    • 🗣️The NiftyApe Manifesto
  • 🔭Overview
    • 🤔How Does NiftyApes Work?
    • ♻️Refinance Guide
    • ⚖️Contracts & Security
      • Liquidity.sol
      • Offers.sol
      • Lending.sol
      • SigLending.sol
    • 😲Loan Default FAQ
  • 💰Lenders dApp Guide
    • 🏃‍♂️Lender Quick-Start Guide
    • 💧Manage Liquidity Page
    • 🤝Create Offers Page
    • 📊Lender Dashboard
      • 🛑Seizing Assets from Loan Defaults
      • 🙅Canceling Offers
  • 🖼️Borrowers dApp Guide
    • 💸Borrow Page
      • 🆗Initiating the Loan
      • 😅Repaying a Loan
      • 😭Defaulting on a Loan
    • 📊Borrower Dashboard
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  1. Borrowers dApp Guide
  2. Borrow Page

Initiating the Loan

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Last updated 2 years ago

Borrowers can initiate the loan from either the top-level or Offer Book Details page.

Once clicked, the borrower is taken to a loan details page. Here, the terms of the loan are displayed as well as an estimation of the total interest the borrower could owe at the end of the loan.

Borrowers will first be prompted to approve the NiftyApes smart contracts to transfer their NFT token.

Once the approval transaction is confirmed, they are able to initiate the loan.

When the loan is executed, the collateral is locked in the NiftyApes smart contract, and the liquidity is sent to the borrower's wallet in a single transaction.

Borrowers can view all active loans from the .

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Borrower Dashboard