Lend ETH and earn interest

Individual lenders can submit loan offers to an entire collection or a single NFT on Nikaswap. A loan offer includes the following terms:

• Loan value: The amount of ETH that the lender is willing to lend.

• Refund value: The amount of ETH that the borrower must repay, including the amount borrowed and interest.

• Period: The amount of time it can take for the borrower to pay off the loan.

• Annual Percentage Rate (APR): The annual cost of the loan to the borrower, including interest and fees, expressed as a percentage. It is used to measure the amount of interest that will accrue on the loan value.

• Expired time: The offer is not valid after the expiration time. Borrowers can accept your offer at any time and set up a loan with you immediately.

SUGGEST

You can submit multiple loan offers to a collection or an item at the same time, as long as their durations are different. This can greatly improve the use of your ETH funds.

Whitelist Collection

Currently, only a limited number of whitelisted collections are open for lending. This is because we want to avoid highly volatile collections that are more likely to result in losses for the lender. If you are a collection owner, you can contact us to whitelist your collection.

Rate of charge

NIKASWAP collects management fee with notice about Nikaswap.

Type	Beside	Rate of charge	Example (1 ETH at 50% APR for 7 days)
Platform fee per loan	Lender	10% profit	<0.001 ETH
Refinance service fee	Borrower	0.2% principal	0.002ETH

Offered

You can give a collection on the collection page by clicking on the "Low Offered" button, or give a single NFT on the NFT details page.

Before making an offer, remember that when an NFT loan is accepted by a borrower, it will:

• Send an approved amount of ETH from your wallet to the borrower.

• Borrower's NFT key in the contract as collateral.

• Allows you to obtain NFT collateral if the borrower fails to pay off the loan by the due date.

Offers & Loans Management

You can browse valid offers and ongoing loans in the Loan tab on your Profile page.

If the borrower repays the loan before the due date, the NFT will be returned to them and the repayment amount minus the foundation fee will be transferred to you. In the event that a borrower defaults on a loan on time, it will be marked as "Non-Payable" and can be found under the "Previous Loans" tab, as shown in the image above.

If this happens, you can click the Redeem button to claim the NFT to your wallet, as you have become the sole owner of the NFT and the loan can no longer be repaid through Nika Swap.