Compound and Aave have developed rapidly in 2020, becoming the leader of De-Fi lending, leading De-Fi to set off a financial revolution. In this year, NFT became popular and attracted many players. However, have you ever thought of combining NFT with De-Fi and let your NFT make money for you? Oort Digital is born for this.Oort Digital is an NFT farm, where you can rent or borrow NFT. Both actions can generate income for you. You can see the APP， it’s very concise and clear. https://app.oortdigital.tech/leasing-pool
First connect your wallet to the Oort Digital platform, the most common wallet is the MetaMask extension available on most desktop and mobile browsers. Once connected, choose the account you wish to use.Now go to the “My NFTs” tab, you will be able to see all of your NFTs sitting in the wallet. To lend out your NFTs, simply click “Lend Out”, and then you can start filling out the form to get your NFTs listed in the borrowing pool.*NOTE: The Oort Platform uses both ETH and DAI on its platform. ETH will be required to create lending contracts on the platform, so for the best user experience be sure to have some ETH in your wallet. DAI is used on the borrows end, if a user wants to borrow an NFT on the Oort platform, they will need to have DAI in their wallet. OK, on to how the platform works.Once you click “Start Streaming Earn”, your NFTs will get listed in the borrowing pool. You will be able to see your listed NFTs under “NFTs Lending” tab. You can also unlist your NFTs by simply click “Stop Listing”.
As a borrower, you can simply click “Borrow from Pool” and see a list of NFTs available for borrow. Once you choose the NFT you’d like to borrow, simply click “Borrow” to proceed. Again, you need to allow the amount first, then proceed to borrow.
Borrowers have to pay the price and the collateral upfront. However, the actual pay depends on the actual leasing time. Borrowers can return the NFT back any time before the lease expires.
In the next stage.You can aggregating existing DeFi protocols for NFTs and leasing, including collateralized loan, trading, fractionized trading, derivatives, fiat gateways to become a super DeFi account for NFTs. Launch $OORT yield farming in this phase.
