Prax AI
  • Welcome to Prax AI
  • FAQ
  • 💁 GUIDES
    • Borrowing on Prax AI
      • Creating a loan request
      • Borrowing from asset/collection page
      • Repaying loans
    • Lending on Prax AI
      • Funding loans
      • Making token and collection offers
      • Claiming repayment
      • Claiming defaulted collateral
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  1. 💁 GUIDES
  2. Lending on Prax AI

Making token and collection offers

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Last updated 5 months ago

You don't to have to wait for a loan request to be posted, and you can choose to proactively post offers on the collateral of your choice.

For ERC-20s: you'll simply have to pick the amount of collateral you're willing to lend against.

For ERC-404s: you can make an offer on a specific asset (low chances to be picked up) or a collection (higher chances of being accepted).

To post make an asset/collection offer:

  1. Search for the asset/collection you'd like to loan against:

    1. Via the dashboard

    2. Via the

  2. Go to desired asset page and click "lend".

  3. Choose loan parameters (LTV, Interest, duration,...).

  4. Sign transaction to post offer.

  5. You'll be notified in the app once your loan offer has been accepted.

⚠️ Your loan offer can be cancelled at any time. Simply head to the lending section in your dashboard, find the offer you'd like to cancel and click "cancel".

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