To make borrowing on the PWN platform even easier, PWN has recently launched Token Bundler! Instead of taking multiple loans against more assets, you can bundle assets together and simply create one loan.
Let’s take a detailed look at how to bring together different assets into a single bundle that you can then use as collateral. We’ll also tell you how you can unpack these bundles.
You can select more than one asset as collateral during the loan request process.
After you've selected each of the assets that you’d like to use as collateral, you’ll first need to approve them in order for the smart contract to interact with them. Once you’ve done so, you can proceed to creating your bundle by selecting the Bundle Collateral button.
Please be sure that you're bundling the correct assets! Once you're sure that you’re ready to continue, select the Bundle button to make an on-chain transaction bundling the assets. You can continue with your off-chain loan request creation once the blockchain has confirmed the transaction.
After you bundle your tokens, a single NFT that represents the bundle will created.
If you want to create a bundle, head to the ‘Tools’ section in the top navigation menu, and in the dropdown menu, select Bundler. There, you'll be able to bundle assets together and unpack existing bundles. Since we want to bundle assets and create a new bundle, select Bundle Assets.
Here, you can select all the assets you want to bundle. (Again, please be sure you've selected the right assets!). After that, select Continue.
Double-check your selected assets and, once you’re ready, make the necessary approvals of the assets to the Token Bundler contract. After you approve each of the assets, you can create the bundle by making one final transaction.
And now, you're finished!
(And just to make it extra clear: Using PWN, it’s possible to use your bundled NFT everywhere else in the ecosystem!)
This part’s super straightforward: To unpack a bundle that you’ve created or received, select Bundler in the ‘Tools’ section and select Unpack Bundle.
Choose the bundle that you want to unpack and select Continue. (Remember to double-check that you've selected the correct one.)
Unpacking the bundle is as easy as selecting the Unpack button and making one transaction in your wallet needed to unpack the bundle. The bundle will be unpacked as soon as the transaction gets confirmed on the blockchain.
For technical details about Token Bundler, please see PWN’s developer documentation.
PWN is a hub for peer-to-peer lending backed by digital assets. Use your NFTs or any token as collateral and invest in fixed interest loans and generate attractive returns. PWN makes this possible with no liquidation risks. Check out the PWN platform today.