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Borrower
The Borrower can deposit their NFT as collateral for a loan. Borrowers can set a Buy-It-Now price on their NFTs deposited as collateral, allowing a Collector to instantly purchase them and close out the loan. Alternatively, a Collector may make bids on NFTs deposited as collateral, and the Borrower may accept those bids to close out their loan at a profit.
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Last modified 10mo ago