Nord NFT Loan FAQ
Here are some of the most frequently asked questions.
We currently support only USDC for lending and borrowing loans. The support for multiple tokens will shortly be added.
Currently only ERC721 compatible NFTs are supported and the support for ERC1155 will be added shortly. Users may fill the whitelisting form to get their NFT whitelisted.
Yes, the borrower may choose to repay the loan at any time, before the tenure ends as well.
The lender will have the option to seize the underlying NFT collateral while the borrower can choose to repay before the lender decides to seize the NFT.
Platform charges are fixed at 5% on the interest due.