Accepting offers allows borrowers to agree to the loan terms proposed by lenders. Once a lender makes an offer on your listed NFT, you have the option to review and accept the offer, initiating the loan process. This guide provides a step-by-step walkthrough of how to accept offers on LEND2.
1. Navigate to GET LOAN. Here you'll see all the loan offers made by lenders. Select the NFT you want to review offers for to view the listing
2. Click on 'Accept Loan'
3. On the listing page, you can review the terms of all offers and then choose the one that best suits your needs.
4. Confirm the transaction in your wallet. This will transfer your NFT to the LEND2 escrow contract and credit the loan amount to your wallet
5. After confirming the transaction, you can check the status of your loan in the LOANS section of your profile. The loan status should now show as Escrow