# P2P NFT Loans

## Non-Custodial Loans

*Put NFT's up as collateral to borrow assets. Fund a Loan to passively collect more tokens. Collect NFT's from defaulted loans.*

#### List Collateral Offer[​](https://docs.atlasdao.zone/loans#list--collateral-offer) <a href="#list--collateral-offer" id="list--collateral-offer"></a>

The lifecycle begins by broadcasting a `list_collateral` to the contract. **To participate as a borrower,** you must provide collateral. A **loan offer** with your preferences may be accepted, or you may also recieve offers which you may accept or reject. In your loan offer, state the desired:

1. **principle capital** - how much you are asking to borrow
2. **loan duration** - how long you would like to be able to repay the loan
3. **intrest rewarded** - interest calculated from the loan principle

#### Create A Loan Offer[​](https://docs.atlasdao.zone/loans#create-a-loan-offer) <a href="#create-a-loan-offer" id="create-a-loan-offer"></a>

**Lenders can loan assets** in pursue of guaranteed return, whether it be:\
\- principle + agreed upon interest\
\- assets in collateral escrow\
\&#xNAN;***When the borrower repays the loan, the capital, plus the agreed interest, is returned to the lender.***

#### Accept or Reject A Loan Offer[​](https://docs.atlasdao.zone/loans#accept-or-reject-a-loan-offer) <a href="#accept-or-reject-a-loan-offer" id="accept-or-reject-a-loan-offer"></a>

**Upon accepting an offer**, the coins will go in your wallet. Simultaneously, **your collateral is moved into escrow** via smart contract, **for an agreed upon loan period.**

#### Repaying The Loan[​](https://docs.atlasdao.zone/loans#repaying-the-loan) <a href="#repaying-the-loan" id="repaying-the-loan"></a>

**Successfully repaying the loan** before its expiration results in the retrieval of your collateral;

#### Loan Default[​](https://docs.atlasdao.zone/loans#loan-default) <a href="#loan-default" id="loan-default"></a>

**Defaulting on the repayment of an accepted loan** results in the lender **taking ownership of your collateral!**

This unlocks more on-chain methods for token-economy implementations.

#### Fees[​](https://docs.atlasdao.zone/introduction/atlas-dapp/fees-and-params#fees) <a href="#fees" id="fees"></a>

* A set fee of 50 `STARS`, every time a NFT is put up for loan *(collateral deposit)*
* `5%` of interest repayment from each loan


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