Mainnet Documentation

Magnify Cash Mainnet Documentation

Welcome to the Magnify Cash Mainnet Documentation, where you can explore the features and functionalities of our platform for decentralized lending and borrowing.

Getting Started

Mainnet Steps

Create a Lending Desk

Follow these steps to create a lending desk on the Magnify Cash Mainnet:

  1. Open the Magnify Cash Mainnet Dapp here.

  2. Navigate to the menu and click on “Create Lending Desk”.

  3. Choose the currency by pasting the contract address for a ETH Mainnet fungible token to be used as a lending currency.

  4. Select the NFT collection by pasting the contract address for an ETH Mainnet non-fungible token to be used as borrowing collateral.

  5. Set parameters such as Min/Max Offer, Min/Max Duration, and Min/Max Interest Rate.

  6. Add the lending parameters for the NFT collection to the desk by clicking “Add to Desk”.

  7. Fund the lending desk by adding the selected lending currency to the pool.

  8. Grant permission for the token by checking the box and signing a wallet transaction.

  9. Finalize the lending desk creation by clicking “Create Lending Desk”.

Borrow Against an NFT

Here's how to borrow against an NFT on the Magnify Cash Mainnet:

  1. Open the Magnify.Cash Mainnet Dapp here.

  2. Navigate to the menu and click on “Quick Loan”.

  3. Choose the NFT collection and the currency for the loan.

  4. Select an offer and adjust the preferred loan terms.

  5. Grant permission for the NFT by checking the box and signing a wallet transaction.

  6. Finalize the loan request by clicking “Request Loan”.

Manage Lending Desk

Manage your lending desk on the Magnify Cash Mainnet with these steps:

  1. Open the Magnify Cash Mainnet Dapp here.

  2. Navigate to the menu and click on “Manage Lending Desks”.

  3. Find a lending desk and click “Edit” to manage it.

  4. Add funds or withdraw funds from the desk as needed.

  5. Freeze a lending desk to pause loan execution.

  6. Update parameters for collections on the desk by clicking on the notepad icon.

Now you're ready to explore and test the features of Magnify Cash on our dapp. Happy lending and borrowing!

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