Document/🏃‍♂️Lend NFTs on RentaFi (For Advance)
🏃‍♂️

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.
Please confirm the contents regarding the conditions to be set in advance.
  • 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

  1. Set Rental Duration (number of days you can rent) and Daily Rental Price (rental price per day).
      2. image
      Set the number of days that the rental can continue.
      Set the number of days that the rental can continue.
      Set rental fee per day.
      Set rental fee per day.
      Set the number of items to be displayed (ERC1155 only)
      Set the number of items to be displayed (ERC1155 only)
  1. Click the More option, and display option.
      2. image
      Click More Option
      Click More Option
  1. Activate Lock Duration, Set it, and implement Lend
      2. ⚠️
      NFTs cannot be withdrawn for the period set in Lock Duration.
      image
      Set the period of time to lock
      Set the period of time to lock
      After filling in the checkboxes for pre-confirmation of use, click Lend to execute.
      After filling in the checkboxes for pre-confirmation of use, click Lend to execute.
       
       

Reserve for a specific renter

  1. Set Rental Duration (number of days you can rent) and Daily Rental Price (rental price per day).
      2. image
      Set the number of days that the rental can continue.
      Set the number of days that the rental can continue.
      Set rental fee per day.
      Set rental fee per day.
      Set the number of items to be displayed (ERC1155 only)
      Set the number of items to be displayed (ERC1155 only)
  1. Click the More option, and display option.
      2. image
      Click More Option
      Click More Option
  1. Activate Reserve for specific renter, set the wallet address you would like to rent out, and implement Lend
      2. ⚠️
      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
      Set up a specific address you want to lend out
      After filling in the checkboxes for pre-confirmation of use, click Lend to execute.
      After filling in the checkboxes for pre-confirmation of use, click Lend to execute.
 

Check the dashboard

When an NFT is deposited, its contents can be viewed from the dashboard.
 

Claim Rental fee

  1. Open the dashboard
  1. The rental fee that can be claimed is displayed in correspondence with the yNFT held.
      2. ⚠️
      If you don’t have a yNFT with you, you cannot claim the rental fee.
  1. Click Claim
  1. Verify and approve displayed contents from the wallet
  1. 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.