NFTfi Documentation
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  • Underfunded Offers
  • Scenarios for Underfunded Offers
  • Activation of Underfunded Offers
  • Management and Cancellation of Underfunded Offers
  1. Lend

Making underfunded offers

PreviousMaking collection offersNextCancelling offers

Last updated 9 months ago

Underfunded Offers

Underfunded offers are loan offers made without sufficient wallet balance to cover the loan principal. These offers remain invisible to borrowers until the wallet balance has enough funds to cover the loan principal.

Scenarios for Underfunded Offers

1. Making Multiple Active Offers with One Being Accepted

A lender has 10 WETH in their wallet and makes two active loan offers of 10 WETH each. Once the first loan offer is accepted, the second offer becomes underfunded and will be invisible to borrowers.

2. Making Offers Without the Loan Principal Amount in the Wallet

A lender makes loan offers without having the principal amount in their wallet. These offers are displayed as underfunded to the lender and will be invisible to borrowers. This can be used to prepare offers in advance while waiting for a repayment or a transfer of funds from another wallet.

Activation of Underfunded Offers

Underfunded offers become active and visible to borrowers once the lender’s wallet has been adequately funded. The system automatically updates the status of the offer from underfunded to active.

Management and Cancellation of Underfunded Offers

Underfunded and active offers can be found, edited, or canceled in the of the dApp or on the asset page where the offer was made.

“Offers Sent” section
An underfunded loan offer
An active loan offer