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  • ABOUT THE JPEG'd PROTOCOL
    • 🚬Introduction to JPEG'd
    • ⚙️Lending Mechanics
      • Borrow Interest Rates, Fees and Vault Tiers
      • Loan-to-Value Ratios and Liquidation Thresholds
      • NFT Pricing
      • Liquidations
      • Borrow with JPGD
    • 🌟Supported Collections
    • ☂️Liquidation Insurance
    • ⚡JPEG'd Boosts
      • LTV Boost
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        • Traits Boost Multipliers
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      • $JPGD
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  • CDP LENDING GUIDES
    • 💵Borrowing
      • Open a Position
      • Manage an Existing Position
      • Create an LTV Boost
      • Close a Position and Withdraw Collateral
    • 💰Get Yield on JPEG'd
      • 🚜Farming with $pETH
      • Farm with $PUSd
      • 🙊$APECoin Staking on JPEG'd
        • Solo $APE Staking
        • P2P $APE Staking
        • $APE Staking FAQs
    • 📺JPEG'd Videos
    • 🛫Migrate JPEG to JPGD
    • 💎Airdrop Claiming
  • Peer 2 Peer Lending
    • 🤝Peer 2 Peer Lending
    • How it works
    • For Borrowers
      • How to List an NFT
      • Accepting a Collection Offer
      • Closing a Loan
      • How Does Refinancing Work
      • How Does Default Happen
    • For Lenders
      • Single NFT Lending Offers
      • Collection Offers
      • Refinancing an Existing Loan
      • Liquidation
    • Add a collection
  • TOKENOMICS
    • 📊Supply Graph
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On this page
  • 1. Select the collection you want to use as collateral from the collection dropdown menu
  • 2. Select the NFTs you want to use as colleteral
  • 3 Click the "BORROW" button in the action bar
  • 4. Choose the currency and amount to borrow
  • 5. You have now opened positions on JPEG'd and have been taken to the borrows tab from where you can manage your borrows.
  1. CDP LENDING GUIDES
  2. Borrowing

Open a Position

Step-by-step guide to opening a position on JPEG'd

PreviousBorrowingNextManage an Existing Position

Last updated 1 year ago

Users can open a position from the on the dApp. .Borrowing is easy and can be done in a few simple steps. Watch the tutorial, or follow the steps below.

1. Select the collection you want to use as collateral from the collection dropdown menu

2. Select the NFTs you want to use as colleteral

3 Click the "BORROW" button in the action bar

4. Choose the currency and amount to borrow

5. You have now opened positions on JPEG'd and have been taken to the borrows tab from where you can manage your borrows.

It's also possible to opt-in for . Please note that for borrowing against Cryptopunks, they need to be first deposited in the escrow contract before they can be used as collateral. The deposit transaction will queue up from the modal and borrowing will be enabled once all selected cryptopunks have been transferred.

💵
liquidation insurance
JPEG'd Dashboard
The Dashboard shows you your available assets to borrow against and your positions.
When selecting NFTs, the action button will be activated, showing all the actions that can be taken with the selection.
Confirm you borrow