# NFT Lending & Borrowing

The platform enables NFT-backed lending through a collateralized, time-based borrowing model. Lenders create loan offers by selecting an NFT and setting required collateral at a minimum of **2× the NFT’s current floor price**, with the option to require higher collateral. Floor prices are sourced in real time from **CDC NFT, Ebisus, and Minted**.

Borrowers initiate a loan by selecting a lender offer and depositing the required **CRO collateral** into an escrow smart contract for a chosen duration (**1, 7, or 30 days**). Upon lender approval, the NFT is transferred to the borrower for the duration of the loan.

Protocol fees are charged on the collateral and split evenly between the lender and the platform. Fee rates are:

* **1 day:** 1%
* **7 days:** 3%
* **30 days:** 5%

Borrowers may return the NFT at any time before expiry to reclaim their collateral (minus fees). After the loan term expires, the lender may claim the collateral (less platform fees) if the NFT is not returned. Borrowers retain the option to return the NFT late **until the lender claims the collateral**.


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