Unlockd V2
Try Unlockd

How to auction/list/sell an asset

Looking to monetize your NFTs? Unlockd provides versatile options to list your assets for sale or auction directly from your loan's collateral.

Learn how to instantly sell at market value, list at a fixed price, or initiate an auction with or without a buyout option.

Sell instantly an NFT from your Loan's Collateral at Market Value

Accessing Instant Sell:

  1. Open "Manage Loan": Find the loan containing the NFT you wish to sell.

  2. Select "Instant Sell": Choose the NFT you're considering for a quick sale.

Potential Outcomes:

  • No Market Offers: If there are no current bids for your NFT on marketplaces, the sale cannot proceed.

  • Health Factor Issue: Should any available offers result in your Health Factor dropping below 1, the sale is blocked. You may consider repaying part of your loan or adding more NFTs to improve your Health Factor.

  • Sellable Offers: The best offer among all possible marketplaces is presented. If selling won't get your Health Factor to go below 1, you can proceed with the sale.

Selling Process:

  1. Confirming the Sale: Upon deciding to sell, you'll be prompted to approve a transaction, covering the necessary gas fees.

  2. Completion: Once confirmed, Unlockd takes care the sale automatically, and funds are sent directly to your personal wallet, not the Unlockd Account, not to repay your loan.

List an NFT from your Loan's Collateral at a Fixed Price in the Unlockd Marketplace

  1. Initiating the Listing: In the Borrow section, navigate to your active loan and select the NFT you wish to list.

  2. Choosing Your Listing Type: Select "List for Sale" and choose the Fixed Price option.

  3. Setting Your Price: Input your desired selling price. Consider reviewing the last sale price in global marketplaces as a benchmark.

  4. Debt Listing Percentage: Specify what fraction of the outstanding loan's debt this NFT sale will cover. This dynamically adjusts your net earnings preview, as this amount is automatically deducted from the final sale to repay part of your loan.

  5. Finalizing the Listing: After setting your price, confirm the transaction and cover the gas fees. Your NFT is now listed in the Unlockd Marketplace for all potential buyers.

Auction an NFT from your Loan's Collateral in the Unlockd Marketplace

  1. Initiating the Auction: In the Borrow section, navigate to your active loan and select the NFT you wish to list.

  2. Select Auction Type: Opt for the Auction method. You'll need to set a minimum starting bid to kickstart the auction.

  3. Auction Duration: Determine how long the auction will run. Use the NFT's valuation and market trends to set a competitive starting bid.

  4. Debt Listing Percentage: Specify what fraction of the outstanding loan's debt this NFT sale will cover. This dynamically adjusts your net earnings preview, as this amount is automatically deducted from the final sale to repay part of your loan.

  5. Listing Completion: Confirm your listing through a transaction, paying the necessary gas fees. Your NFT is now up for auction in the Unlockd Marketplace.

Auction and set a Buyout Price for an NFT from your Loan's Collateral in the Unlockd Marketplace

  1. Initiating the Auction and Listing: In the Borrow section, navigate to your active loan and select the NFT you wish to list.

  2. Price and Debt Settings: Input both an auction starting price and a fixed buyout price. The buyout price allows buyers to immediately purchase the NFT, bypassing the auction if they prefer.

  3. Debt Listing Percentage: Specify what fraction of the outstanding loan's debt this NFT sale will cover. This dynamically adjusts your net earnings preview, as this amount is automatically deducted from the final sale to repay part of your loan.

  4. Auction Details: Set the auction's timeframe. If a buyout price is set, buyers have the option to end the auction early by meeting this price.

  5. Launching the Listing: After finalizing your settings, initiate the listing with a transaction and cover any associated gas fees. Watch as your NFT attracts bids or an instant buyout in the Marketplace.

Related documentation

pageHow to manage your loanpageMarketplacepageHealth Factor

Screenshots in these guides are mock-ups and may differ from the live platform, particularly in text details. The Unlockd team regularly updates guides to reflect UX improvements.

PreviousHow to bid/buy an assetNextHow to enable Notifications

Last updated