How it works

Navigating the Application

JPEG'd P2P is organized around 4 sections:

• My NFTs: Displays all your NFTs, both in wallet, listed or in loans

• My Loans: Displays all your active loans, NFT offers and collection offers.

• Listings: Displays all the listings looking for a lender and the active listings

• Collections: Displays all supported collections and all the collection offers

The 4 sections of JPEG'd P2P

Borrowing ETH or USDC

1. Open a Loan: NFT owners can accept existing loan offers or list their own loan requests.

2. List Loan Request: If suitable offers are not available, NFT owners can specify their desired loan terms.

3. Close a Loan: Loans can be closed anytime by repaying the principal and interest, allowing the borrower to reclaim their NFT.

4. Get Better Terms: Lenders can automatically refinance a loan by offering better terms to the borrower, automtically decreasing the borrow cost.

5. Per Block Interest: Interest gets accrued every block. If you repay early, you only repay the interest accrued until repayment.

👉 View our guides for borrowing here

Lending ETH or USDC

1. Lending Offer: Lenders can make offers on specific NFTs or as collection offers, specifying the terms.

2. Refinance: Lenders can offer better terms to borrowers with existing loans, repaying the accrued interest to the original lender.

3. Set a Minimum Interest: Lenders can specify a minimum interest that they'll earn in case of refinancing or early close of the loan.

👉 View our guides for lending here