Borrowing from a liquidity pool is the easiest way to unlock liquidity from your NFTs. Freeing up liquidity allows you to do more than what may be available to you.
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Step By Step Guide to Borrow ADA Against Your NFT
Follow these steps to learn how you can exactly borrow ADA using your NFT as collateral in a liquidity pool on Fluid Tokens. This opens up instant liquidity for many approved projects on the platform.
Total Time: 9 minutes
Connect your wallet and navigate to Liquidity Pools under Liquidity
Choose a collection and click borrow against a liquidity pool
Choose the asset you wish to use as collateral to borrow against
Enter the amount you wish to borrow and click Continue
Confirm the details and Continue
Sign the transaction that appears. Check the amounts and assets that are moving.
Success! You have successfully borrowed against your NFT asset.
