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 .
- 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