Offers

In Kairos, an offer is a proposal made by a lender to lend a certain amount of ERC20 tokens for a specific NFT as collateral.

Add offers / Create offers

Here's a brief explanation of the fields/options when going through this process.

  • Collection Address: The Ethereum address of the NFT collection for which the offer is being made. The lender inputs the address in this field.

  • Collection Name: The name of the NFT collection for which the offer is being made. This is retrieved from the collection metadata via the Kairos API. The lender does not need to input this field.

  • Offer Method: This option/choice is provided to specify the method of the offer. The lender can choose to make an offer for the entire collection or for a specific trait. If the lender chooses to make an offer for a specific trait, they must then choose the trait type and trait value from the dropdown menus. Afterwards, the lender will be prompted to create a list which will be a list of tokens (by id) that will be eligible for the offer.

  • Trait Type and Trait Value: These fields are used when the lender wants to make an offer for a specific trait of the NFTs in the collection. The lender selects the trait type and its value from the dropdown menus. These fields are optional and are used when the lender wants to make an offer for NFTs with a specific trait.

  • Asset to Lend: This field is used to specify the ERC20 token that the lender wants to lend. The lender selects the token from a dropdown menu. The dropdown menu is populated with the list of ERC20 tokens that the lender has in their wallet.

  • Amount to Lend: This field is used to specify the amount of the selected ERC20 token that the lender wants to lend. The lender inputs the amount in this field. The amount should be less than or equal to the balance of the selected ERC20 token in the lender's wallet.

  • Duration: This field is used to specify the duration of the loan offer. The lender inputs the duration in this field. The duration is specified in days.

  • Offer Expiration: This field is used to specify the number of days until the loan offer expires. The lender inputs the number of days in this field. If the loan offer is not accepted by a borrower within this period, the offer becomes invalid and the lender can create a new offer. This is different from the loan duration, which specifies the length of the loan once it has been accepted. The expiration period is about the offer's validity, not the loan's duration.

  • Token List: This button is used to generate a list of ERC20 tokens that are eligible for the offer based on the offer method and/or trait type and trait value. The lender clicks this button to generate the list.

Please note that the lender can revoke its token approvals to Kairos as a mean of last resort to delete all its loan offers. This is especially useful in case of rapidly changing market conditions.

For more information on how to supply ERC20 tokens and the risks involved, please refer to the Supplying page.