Lending money on Aconomy offers a valuable financial opportunity that allows you to help others while earning interest on your funds. This guide will walk you through the process of lending money using Pi-NFTs as collateral, providing a secure and potentially profitable investment.
Steps to Lend Money on Aconomy:
Access the Lending and Borrowing Section:
Start by visiting the Aconomy homepage. Under the "Marketplace" dropdown, click on the "Lending and Borrowing" option. This will take you to the lending and borrowing page.
Select a Pi-NFT for Collateral:
On the lending and borrowing page, you’ll see a list of Pi-NFTs available for collateral. Carefully review the listed Pi-NFTs and choose the one that aligns with your lending preferences.
Review the Borrower's Proposal:
After selecting a Pi-NFT, you can view the details of the borrower’s proposal. This includes information such as the proposed loan amount, APY (Annual Percentage Yield), duration, and expiration date of the loan.
Lend Tokens:
If you find the borrower’s proposal acceptable, click on the "Lend Tokens" button. This will open a card where you can proceed with the lending process.
Make an Offer or Create a Custom Offer:
In the card, you have two options:
Make an Offer: Choose this option if you agree to the borrower’s terms and are willing to lend the funds under the specified conditions.
Create a Custom Offer: If you prefer to propose different terms, click on "Create a Custom Offer" to adjust the loan conditions according to your preferences.
Finalize Your Lending Offer:
Once you’ve set your lending terms and amount, click "Make Offer" to finalize your lending offer. The offer will be visible to the borrower, who can either accept it or negotiate further.