Llama Lend Overview
- What is Llama Lend?
Collateralize small NFT collections and borrow ETH with a fixed interest rate determined by pool utilization rates. Upon providing the NFT, 1/3 of its value is given in ETH and users have two weeks to repay the loan with interest only charged for the time used.
- Main Features
- Connect WalletView and manage poolsBorrow and repay loansAccess notificationsOpen menu for additional options
- Blockchains
- Ethereum
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Frequently asked questions
To borrow and repay loans, you need to connect your wallet to the platform. Once connected, you can view available loans and pools. To borrow, you can create a pool by providing the address of the NFT you want to lend against, the name and symbol of the loan NFTs, the loan-to-value percentage (recommended at 33%), the maximum floor price allowed in the oracle, the maximum amount of borrowed ETH each day, the maximum duration of loans in days, and the minimum and maximum annual interest rates. After creating the pool, you can borrow the desired amount. To repay the loan, you can use the borrowed ETH to repay the principal and any accrued interest.
To access notifications, you need to connect your wallet.
The options available in the menu are: Dashboards, Borrow, Repay, Create Pool, Aggregator, Connect Wallet, Notifications, Open Menu, Manage Pools, Liquidate, Lender Stats, Docs, Safe App, Twitter, Discord, and Github.
Yes, you can manage multiple wallets.
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