Enter the XBroker section:
Role 1: As a mortgagor
Step1. Find your Pancake Bunny NFT that can be used for collateral in the wallet.Click: Xbroker-Borrow.
Step2. Click “Pledge” and put the NFT mortgage.
(Note: Please pay attention to the market price .If the loan price is too high or too low, there will be risks if it is not redeemed in time.)
Step 3.Check out the NFT order on display.
Step 4. Click to enter the order details page, check the quotation record in the offer area below, Click “Accept” to accept the quotation, start to pledge, and you will receive the loan in your wallet at the same time.
When you start to pledge, this order will automatically start mining to calculate the income. For details of mining, please go to the farming section to view.
Step 5. Click “redeem” to redeem your NFT when it is about to expire.
Step 6. If the NFT is not redeemed in time, you can view the details of the NFT order in the liquidation phase (the order status is liquidating) in the following way.
Role 2: As a lender
(First,you need to mint USDxc from Megabox, and then select the desired order in the XBroker market to lend the corresponding amount of usdxc)
Step 1. For orders that have been placed on the shelf, Click “Lend” and lend directly according to the information filled in by the mortgagor.
You can also Click “Make an Offer” to give a new offer for the mortgagor’s reference.
Note: You can only bid once for the same order, and you can modify the bid after withdrawal; Please pay attention to the market price .If the loan price is too high or low, there will be some risks if it is not redeemed in time.
Step 2. After the direct lender lends or the mortgagor accepts the new quotation, the pledge begins. You can check the details of the order being pledged in the following ways (the order status is collateralized)
When you start to pledge, this order will automatically start mining to calculate the income. For details of mining, please go to the farming section to view.
Step 3. When the maturity is about to expire, the wallet will automatically receive the principal and interest.
Step 4. If the lender does not to pay principal and interest in time, you can check the details of the NFT order in the liquidation phase (the order status is liquidating) through the following methods.
Step 5. After the NFT liquidation is over, if the NFT auction is successful, the lender can get his own funds through withdrawing fund and interest, or the funds will be automatically transferred to the lender’s wallet after the liquidator collects the NFT. If the NFT auction fails, the lender or ownership of NFT, NFT can be withdrawn by collecting NFT, and can be viewed in the wallet after withdrawal.
Role 3: As a liquidator
Step 1. From “XBroker”-”Liquidate”-”Auction Market”, you can find NFT orders that are in clearing auction status, Click to enter the order details page, Click “Bid”, and enter the price.
Step 2. After the liquidation is completed, the transaction will be completed at the highest price. At this time, the lender Clicks “Collect NFT”, the order is automatically completed and closed.
The order without extracting NFT can be viewed in the following way (the order status is liquidated).
