# Lend ## How to Lend 1. **Browse offers** on the P2P Lending market. 2. **Evaluate the risk**: check collateral, loan amount, interest, and deadlines. 3. **Choose how much to lend** — minimum 5% of the requested loan amount (max 20 lenders per proposal). 4. **Lend instantly** — funds are transferred immediately to the borrower. 5. **Receive an ERC721 NFT** that represents your loan position. 6. **At maturity:** * If repaid: you receive principal + interest. * If defaulted: you can claim your share of the collateral. → In both cases, the loan NFT is burned. 7. **No fees for lenders** — you keep 100% of the interest. *** ### **Lender Protocol Rules** * **Minimum 5% per lender**: You must lend at least 5% of the requested amount. If a loan is already 92% funded, you’ll need to lend the full remaining 8%. This avoids leaving unfillable fragments. * **Fixed interest for all lenders**: All lenders receive the same fixed interest, regardless of when they participated. This creates a competitive dynamic: lend early to secure a spot, or wait and aim for better time-weighted returns. * **NFTs are transferable**: Your loan position is an NFT. If you sell or transfer it, the repayment goes to the current holder — enabling secondary market activity. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.smardex.io/p2p-lending/using-the-protocol/lend.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.