Buy with Down Payments

  • Buying NFT on the BendDAO Blue Chip NFT Marketplace

  • Buy NFT in other marketplaces using down payment

  • Principle of down payment

Buy with down payment (BendDAO Blue Chip NFT Marketplace)

2.1. Open Buy NFTs page

  • Down Payment: Make a partial payment to buy NFTs with a down payment.

Open or “Home-Liquidity-Buy NFTs” page, select the NFT you want to buy and Click "Down Payment" to enter the down payment.

2.2. Selecting payment assets

On the payment page, you can see the following information.

  • Down Payment : The amount of ETH you need to pay for purchasing with down payment.

  • Fees and Royalties : The fees and royalties you need to pay to purchase with Down Payment, the fees paid for Down Payment is 1%.

  • Available to borrow: The maximum amount that can be borrowed by this NFT.

Select payment asset.

  • WETH

  • ETH

After selecting the assets to be paid, click "Continue" to proceed to the next step.

2.3. Approval

For the first time, you need to approve the payment tokens and debt tokens.

Click on "Approve" in order to perform the approval process.

After completing the approval process, click "Continue" to proceed to the next step.

2.4. Complete Purchase

After confirming that the information is correct, click "Buy" to complete the down payment.

  • The NFT will be collateralized in BendDAO

You also need to familiarize yourself with the principles of down payment purchase in order to perform the following related operations

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