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Lend NFTs on RentaFi (For Advance)
In RentaFi, advanced settings can be used.
Introducing those unique functions, expand the range of your rental strategy!
Additional required settings are as follows.
- Lock Duration
Length of time to lock the NFT into the contract
- Reserve for specific renter
Lending and renting for a specific address
Lock and Lend the NFT
- Set Rental Duration (number of days you can rent) and Daily Rental Price (rental price per day).
image
![Set the number of days that the rental can continue.](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/d8e82c79-9097-4e8b-a10e-744b8f8ac73c/b29cd12f9d3b65ab388c10b14bb45769.png)
![Set rental fee per day.](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/cb7066a3-2ba3-4d3d-a38c-c4b118ee9828/615d84d1536c79281d068a94ee59a7a0.png)
![Set the number of items to be displayed (ERC1155 only)](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/bb8f9793-6134-4067-9c07-07bfdbfbbb4f/a71c1803e550df67b234614372c0cbb1.png)
- Click the More option, and display option.
image
![Click More Option](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/80b5b9da-7a9e-430b-9e5e-231671bac8ba/21dc3d7fade8a936a56797c8494affb2.png)
- Activate Lock Duration, Set it, and implement Lend
NFTs cannot be withdrawn for the period set in Lock Duration.
image
![Set the period of time to lock](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/f12e1c7b-a95a-47c2-aa4b-14b8a74d5916/70eb5792b73bd1b94027968889a65041.png)
![After filling in the checkboxes for pre-confirmation of use, click Lend to execute.](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/a3d93dc6-410d-4e3b-9536-37ff84912adb/a099a409165bdfc1b33f74477bb534dd.png)
Reserve for a specific renter
- Set Rental Duration (number of days you can rent) and Daily Rental Price (rental price per day).
image
![Set the number of days that the rental can continue.](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/e7da57e3-71c9-475c-877d-b0006cbb9b53/b29cd12f9d3b65ab388c10b14bb45769.png)
![Set rental fee per day.](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/f3ed7631-c028-48f3-9940-8eee12faf07e/615d84d1536c79281d068a94ee59a7a0.png)
![Set the number of items to be displayed (ERC1155 only)](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/8ade1ecf-07c1-4892-bf26-0809854affad/a71c1803e550df67b234614372c0cbb1.png)
- Click the More option, and display option.
image
![Click More Option](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/f0852565-9862-402b-8374-e8073c9ac9b3/21dc3d7fade8a936a56797c8494affb2.png)
- Activate Reserve for specific renter, set the wallet address you would like to rent out, and implement Lend
If you make a mistake in entering your wallet address and implement a Lend, please enter it carefully as it cannot be reversed.
image
![Set up a specific address you want to lend out](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/322d9ace-ed6e-4568-924d-5c2985b9f76e/064444b1bc31371ac2033ff5a643510e.png)
![After filling in the checkboxes for pre-confirmation of use, click Lend to execute.](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/f17915b1-4696-442c-826c-ea6bccb8cb99/b9a445d20e2221ea853bde97a57a06cb.png)
Check the dashboard
When an NFT is deposited, its contents can be viewed from the dashboard.
![](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/98001a9a-d190-4048-8b49-a82aa8707752/2b9203a8c982a0ac410b846f183c0e72.png)
Claim Rental fee
- Open the dashboard
- The rental fee that can be claimed is displayed in correspondence with the yNFT held.
If you don’t have a yNFT with you, you cannot claim the rental fee.
- Click Claim
- Verify and approve displayed contents from the wallet
- Transaction Succeed is pulled out when it appears in the upper right corner.
Cancel to lend
NFTs can be canceled before the rental has occurred.
When a cancellation is performed, oNFT (oNFT and yNFT if a lock period has been set) will be automatically Burned and removed from the wallet.