How to use NFT Rental?

How to lend out your NFTs?

How to borrow NFTs?

What to do before the rental expires?

As a borrower, you can return the NFT back any time before the lease expires. You only need to pay for your actual leasing time and you will receive the remaining fund after you return the NFT by simply clicking “Return”.
Your actual rental time is based on rounded hours. For example, if your actual leasing time is 1.2 hours, it will be rounded to 2 hours.
As a lender, you are not allowed to stop in the middle of the lease until the lease expires or the borrowers return their NFTs. However, you will be able to earn interest in DAI. The interest will be sent to your wallet after the lease ends.
If the borrower returns the NFT, it will be listed back to the borrowing pool again with the same terms set by the lender previously.

What to do after the rental expires?

As a borrower, you can still return the NFT as long as the lender has not claimed your collateral yet. You can simply click "Stop" to return.
After the lease expires, you will be exposed to the foreclosure risk. Therefore, you'd better return the NFT ASAP before the lender claims the collateral.
As a lender, you will have the right to claim collateral. If you claim collateral, you will get both the collateral + price in Dai and leave your NFT to the borrower.
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