The basic idea behind Pawn Whale is to lend your NFTs to get instant liquidity in the form of EGLD.
You lend Pawn Whale NFTs at a set price and you have three options:
- 3-day loan with a 5% fee or
- 7-day loan with 10% fee or
- 10-day loan with a 15% fee.
NFT loan amount
Pawn Whale ranks NFTs based on the volume of sales and the number of sales. the higher the demand, the higher the ranking of the collection and more EGLD will be lent.
