Blog - Education & Guides

How to use Private Offers?

September 28, 20223 min read

NFTfi private offers

What are private offers?

Lenders can use private offers to make a loan offer to potential borrowers for assets that are not publicly listed.

Private offers can also be used by friends or parties who know each other but would like to facilitate a loan without listing an asset on NFTfi.

Please note that for this feature, although the NFT can be owned by people who have not used NFTfi before, the NFT still has to be from a collection already listed on the platform.

How to use private offers on NFTfi?

First, we will cover private offers from the lender’s perspective and then from the borrower's perspective.

Private offers from the lender’s perspective

Click “Lend” and then “Private Offers.”

nftfi private offers 1

Now you will need to get the URL of the asset for which you want to make a loan offer on and copy it.

nftfi private offers 2

Paste the URL in the field and press the “Lookup” button.

nftfi private offers 3

You will see the asset’s page, which will show the NFT as unlisted (if the asset happens to be listed already, please note that other lenders can make offers). Click “Make offer.”

nftfi private offers 4

Fill out the loan offer terms and click “Make offer.”

nftfi private offers 5

Sign the transaction to confirm the offer.

nftfi private offers 6

Once the wallet popup opens, click “Sign.”

nftfi private offers 7

Your offer has been created, and you can now share its URL with the asset owner. You can also update the terms or revoke the offer before it has been accepted.

nftfi private offers 8

Private offers from the borrower’s perspective

As a borrower, you will receive a private offer link (the lender should send you the link) that takes you to the asset page. Connect your wallet that holds this asset, and you will see offer terms. Before accepting, you can view the lender’s history via Etherscan.

You can accept the offer and receive this loan like any other loan on NFTfi.

Click “Yes.”

nftfi private offers 9

Sign the transaction (please note that you will need to pay gas in ETH for this).

nftfi private offers 10
nftfi private offers 11

Once the offer is accepted (and confirmed), the loan will be executed just like any other loan on NFTfi.

You can click “Add to my calendar” to receive the notification before your loan due date & time! To learn more about calendar notifications, read this blog post.

nftfi private offers 12

You can also renegotiate your loan, to learn more about loan renegotiations, click here.

nftfi private offers 13

You can always check the status of your loan if you navigate to Borrow in the main menu and then select Loans.

If you are new to borrowing on NFTfi, you can learn more here.

Follow us on Twitter and join our awesome Discord community if you need more help or want to connect with other NFT finance pros. | Discord | Twitter | Join the Ambassador program

This article is for educational and informational purposes only and should not be considered financial advice. Conduct your own research and due diligence before making any investment or financial decisions, such as when considering novel products including NFT loans.


epicenter podcast

August 11, 2023

NFTfi – P2P NFT Lending Protocol: From PFPs & Art to RWA

Stephen Young and Storm from NFTfi joined the Epicenter Podcast to discuss the general state of the NFT market, future prospects for NFT development, and how NFTfi, a P2P NFT lending platform, unlocks new sources of liquidity in this bear market.

Learn more >
Twitter thread NFTfi Earn season 1

August 08, 2023

Earn Season 1: Introducing Loan Streaks

Today, we are updating Earn Season 1 by introducing loan streaks, a new way to secure Earn Bonus Points. This feature specifically rewards platform loyalty and long-term loans.

Learn more >
Blog thumbnail allowances explained

August 03, 2023

A complete guide to allowances on NFTfi

In this article, we explain everything borrowers and lenders need to know about allowances on NFTfi. In order to fund or repay loans on NFTfi, our smart contracts need permission to move the ERC-20 tokens you are using.

Learn more >

Put your NFTs to work and get the liquidity you need.