How to borrow, repay and burn?
Borrowers can use their Bond NFT generated in the 1Ton Treasury as collateral to borrow money from lenders who browse the opportunities on the 1Ton Financee. Repaying the loan and burning the Creator Bond NFT are also simple processes.
Borrow
The creator lists an NFT and sets desired terms.
The lending protocol shows all listed NFTs to investors.
The investor creates an offer to lend stablecoins as collateral.
Creator accepts the offer, receives the money, and transfers the NFT as collateral.
Repay
Creator pays the money back to the lending protocol.
Lending protocol transfers the NFT back to the creator.
Burn the Creator Bond NFT
The creator burns the NFT, which is the only thing they need to do to complete the process.
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