Oiler Network
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Long Term Rent

This feature allows you to rent out NFTs for longer period of time and join this marketplace without a hard commitment to purchase for the long-term .

How Renting in Nafta works:

  • the owner of an NFT pools it with the Oiler Nafta pool and specifies the following :
the borrowing rate (per block) & the maximum borrowing period
  • when the new owner rents this NFT but the ownership is not transferred from the pool to the new owner — instead they only get a flash-ownership:
  • they receive a wrapper NFT representing the borrowed asset (which they can trade, transferring the flash-ownership)
  • they become the only address that is allowed to flash-loan the asset from the pool (even the owner cannot)
  • in all the active ownership cases the NFT behaves like it was owned by the flash-owner