Requesting a Loan

Learn how to create a loan on BAE

To request a loan, click "Request a Loan" on the "Borrow" page of the BAE app.

Select an NFT from your balance to use in the Loan request.

NFT can be used only in 1 loan request at a time. If you would like to create another request for the same NFT – please cancel the ongoing request.

You can accept one of the matching offers for your selected collection or create a new Loan request.

Set your preferences on the loan terms:

• Preferred Loan Amount: this is a loan amount you will get as your loan gets accepted

• Duration: this is a duration of the loan. Once the loan is accepted the due date will be calculated based on this duration.

• Interest rate: this is the rate applied to the loan amount to calculate interest payment for the Lender. Interest payment that you will owe to the Lender additionally to the borrowed amount will increase with this rate through the duration of your loan.

• Expiry: time after which your loan request disappears from the Loans Market.

You can select which token you would like to accept (WHYPE, kHYPE or both).

In case you select both tokens as acceptable - the app will auto-convert WHYPE to kHYPE based on the current rate. Both amounts in kHYPE and WHYPE will be set at the request creation step. BAE will not change the rate of WHYPE to kHYPE post-creation.

Once filled, click "Create Loan", approve the NFT access to the protocol and sign the loan request details.

Once done, your loan will appear under Loans Market and under Pending Loans on the Borrow page.