Open a Position
Step-by-step guide to opening a position on JPEG'd
On the https://jpegd.io/ website, you can visit the My Vaults screen and deposit an NFT of your choice (must be supported by the protocol).
You will be able to select between a few different NFT collections on the UI, and once you find the collection and the specific NFT you want to deposit, you can click the Deposit button.
Once you have deposited an NFT, you may click the Borrow PUSd or the Borrow pETH option in order to generate the JPEG'd protocol's native stablecoin, which can be used for a variety of tasks such as swapping, liquidity provision, and other potential opportunities in various DeFi protocols.
Last modified 6d ago