In the Unlockd Marketplace you will be able to get awesome NFTs at a reduced price.

Available assets


Any user can list an NFT in the Marketplace.

B) NFTs in liquidation

As a part of the Liquidation Process, Unlockd allows third parties to participate in the health of the overall protocol by acting in their own interest (to receive the discounted NFT) and as a result, ensure loans are sufficiently collateralized.

C) NFTs with Debt

Users who have an active loan against collateral can put one or multiple NFTs from the bundled collateral for sale or auction.

In Unlockd, the process of selling or auctioning an NFT that's used as collateral for an active loan, or being forcedly liquidated, has evolved significantly from V1 to V2. Here's an updated and accurate description of how it works:

Understanding Debt Proportionality

When you have an NFT collateralized in an active loan, you have the option to put this NFT up for sale or auction. However, the process and implications in V2 differ from the previous version:

  • Variable Debt Attachment: In V2, the debt linked to a specific NFT up for sale or auction is not a fixed quantity. Instead, it's proportional to the NFT's contribution to the overall loan value. This proportional debt can range from zero to its maximum value, depending on various factors.

  • Health Factor Influence: The variability in attached debt is significantly influenced by the Health Factor (HF) of the loan position minus the NFT. Essentially, the remaining HF after removing the NFT from the loan equation determines the range of debt that may be attached to the NFT for sale.

In certain situations, you might find it beneficial or necessary to adjust the debt linked to the NFT. For example, if an NFT's valuation underpins a substantial portion of the total loan debt, you might need to manage the associated debt to enable the sale. This could involve repaying a part of the loan equivalent to the NFTโ€™s value in the loan structure.

Buyer's Responsibilities and Process

  • Debt Repayment by Buyer: When a buyer acquires the NFT, they also inherit the responsibility to repay the portion of the debt associated with it. Upon claiming the NFT, the buyer effectively repays the seller's remaining debt linked to that specific NFT.

  • "Bid Now, Pay Later" Option: If the buyer utilized the 'Bid Now, Pay Later' feature, the NFT will remain as collateral until the buyer fulfills the debt repayment.

Key Takeaways for Sellers and Buyers

For Sellers:

  • Be prepared to handle the variability of debt associated with your NFT. Understanding how your NFT's removal affects the overall loan's Health Factor is crucial for successful transactions.

  • Be aware that selling the NFT may require repaying part of the loan commensurate with the NFTโ€™s valuation.

For Buyers:

  • Acknowledge that purchasing a collateralized NFT involves taking on the corresponding debt immediately. You do not inherit the debt, it needs to be repaid at the moment of the purchase if no BNPL option is used.

  • If opting for 'Bid Now, Pay Later,' know that the NFT remains collateralized until the associated debt is cleared.


Auctions start with a predetermined starting bid. Participants are invited to place bids higher than the current leading bid within the specified bidding period.

The participant with the highest bid at the end of the auction period is declared the winner and is obliged to purchase the NFT at their final bid price.

Once the auction concludes, the settlement process begins, and the NFT ownership is transferred to the winning bidder.

  • Seller-Designated Conditions: For NFTs and NFTs with debt, sellers have the liberty to set the auction conditions, such as the starting bid and the bidding period.

  • Liquidation Auctions: These auctions have a specific set of rules and processes, which can be reviewed in detail in our Liquidation Auctions section.

Incentivizing Early Bidders

To encourage early bidding, Unlockd offers a unique incentive. If the first bidder is outbid by others, they receive a 2.5% reward as an incentive for initiating the bidding process.

This incentive also applies if the original NFT owner decides to redeem (or repay) the NFT. In these cases, the first bidder is compensated for their participation and the initial risk they took by bidding.

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