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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/56ea611b-fe24-4589-b182-d5f2ee0bc2b1/b29cd12f9d3b65ab388c10b14bb45769.png)
![Set rental fee per day.](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/96accca7-b33f-44d0-bbc2-69714f005e33/615d84d1536c79281d068a94ee59a7a0.png)
![Set the number of items to be displayed (ERC1155 only)](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/45174b25-4ce5-437c-96c9-6ad17f7cdbbb/a71c1803e550df67b234614372c0cbb1.png)
- Click the More option, and display option.
image
![Click More Option](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/023b71e0-f429-402b-af51-31b3bb56b9fb/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NFTs cannot be withdrawn for the period set in Lock Duration.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/1cf33051-ab3f-4262-a1f6-2d5b169431c0/70eb5792b73bd1b94027968889a65041.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/28921bca-5ad0-4e71-8ae8-9887442209f0/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/86cf94ba-c563-42bc-9c2a-a44f6232704e/b29cd12f9d3b65ab388c10b14bb45769.png)
![Set rental fee per day.](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/ddbfeee4-50f7-4499-9c13-ba2b72bcd4d4/615d84d1536c79281d068a94ee59a7a0.png)
![Set the number of items to be displayed (ERC1155 only)](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/7305b751-6a57-4b80-ab31-d4dee45a8d89/a71c1803e550df67b234614372c0cbb1.png)
- Click the More option, and display option.
image
![Click More Option](https://s3.ap-northeast-1.amazonaws.com/wraptas-prod/docs-rentafi/e5819315-c153-4eb4-a3f1-7ecfc851022d/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/c16f10f5-32a0-4900-944a-45d139e3c7a3/064444b1bc31371ac2033ff5a643510e.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/f036583d-6a65-4e0c-a813-a8af7d7273e7/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/058f6aad-fdcb-4c9d-b10d-a6c07805027e/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.