Fluid Tokens is a platform that allows users to use their Cardano Non-Fungible Tokens (NFTs), digital art pieces, and other Cardano native tokens as collateral to get loans in ADA and other Cardano native tokens. This allows users to unlock the value of their NFTs or earn extra rewards by loaning their utility tokens for others to use for governance or trading on various platforms.

Watch the interview with Matteo Coppola in regards to the latest updates with Fluid Tokens for 2024.
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# Here’s how it works:

Borrowers (NFT owners) can list their NFTs on the Fluid Tokens platform, setting how much ADA they want to borrow, for how long, and the interest rate they’re willing to pay. Their NFT is locked in a contract with these terms.

Lenders look through these loan requests and choose which ones to fund based on the information and their own judgment. If they agree to a loan, they send ADA to the borrower, starting the loan period.
Featured Loans: Borrowers who burn some of their Fluid Tokens (the platform’s own currency) can get their loan requests highlighted to attract lenders.

**Repayment:** Borrowers need to pay back the loan in one payment to get their NFT back. If they don’t pay back on time, the lender can claim the NFT, but the system allows for late repayment without extra charges if the lender hasn’t claimed the NFT yet.

**Fees:** Lenders pay only the transaction fee for starting the loan. Borrowers pay a platform fee based on the loan amount, which can be reduced by owning Fluid Tokens.

DAO (Decentralized Autonomous Organization): FluidToken holders can vote on changes to the platform, including which NFT collections can be used as collateral.

Fluid Tokens allow NFT owners to get loans based on their digital assets, with a system that rewards participation and offers flexibility in loan repayment.

# Renting of Assets
With the creation of digital assets such as videos, movies, books, and music on the Cardano blockchain as NFTs, renting those items out to users who want to use them for a short time is now possible. Lenders can provide their digital assets on the platform for a period of time for a fee, and borrowers can provide the ADA or asset required for borrowing, including additional fees. The required assets in the loan are returned to the borrower when the asset is returned.


# Boosted Stake
Boosted stake revolves around renting out the staking permissions of your ADA. This is a unique feature in that you only rent out where your ADA is delegated to and where those rewards go. The actual ADA doesn’t get lent to the borrower in this case and the borrower can not use it for trading.

In this case, the borrower can make gains by delegating the ADA to their stake pool or in Initial Stake Pool Offerings where they can earn more ecosystem tokens.

The lender wins out by earning more in interest on their lent-out asset than simply staking their ADA to a stake pool where the average returns are approximately 3.2%.


# $FDLT Token
The Fluid Tokens platform launched its core asset, $FLDT token, to empower its community with significant advantages and authority. These tokens were introduced with a total supply limit of 100 million units and were made available through staking on various stake pools in the Cardano ecosystem during its Initial Stake Pool Offering and through its sale mechanism via the Minswap DEX in its Liquidity Bootstrap Event (LBE).

This distribution method was chosen to ensure fairness, avoiding early sales to big investors (VCs) and presales, creating one of the most equitable and user-friendly systems in the web3 world.

The sale of $FLDT tokens commenced on January 18, 2024, via the Minswap LBE.

Holders of $FLDT tokens were granted discounts and access to premium features across Fluid Tokens’ services on various blockchain networks. Additionally, they were allowed to participate in managing the platform’s funds to generate more income. By acquiring $FLDT tokens, individuals became part of a pioneering effort to innovatively integrate decentralized finance (DeFi), digital art tokens (NFTs), and real-world assets.

$FLDT was built on the Cardano blockchain, ensuring it operated on a secure and efficient network. This strategic choice highlighted the token’s role in the future of merging DeFi, NFTs, and tangible assets in the digital space, marking a significant step forward in the evolution of blockchain technology and its applications.


Overview of Fluid Tokens Borrowing & Lending Protocol on Cardano

Introduction to Fluid Tokens

How To Create a Liquidity Pool to Borrow From

How to Withdraw Your ADA from a Liquidity Pool

How to Borrow from an NFT Liquidity Pool

Repaying Your Loan

Liquidity Pool Borrowing & Lending

How to Earn ADA by Lending ADA to an NFT

How to Borrow on Fluid Tokens Using an NFT or Token as Collateral

 How to Pay Back and Settle Your Loan on Fluid Tokens

Borrowing and Lending Cardano Assets with Fluid Tokens

This tutorial will take you through how to rent an NFT on Cardano.

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There may be various collections with airdrops or temporary utility that you need. Renting the NFT and returning it to the user could be much more affordable than paying the high price for some of these utility NFTs.

### Why Would You Rent an NFT?

A good example of why you would want to rent an NFT is the TapTools NFT. These Tappy’s unlock PRO features on the TapTools platform are useful for traders.

Xerberus also has its own NFT collection, which can be used to unlock PRO data on its platform about projects and their tokens. These NFTs range in the thousands of ADA to purchase on a secondary marketplace but can be rented for as low as 1 ADA a day.

Certain games built on Cardano, such as Cornucopias, require users to have an asset with certain rarities to download and play the game. Being able to rent an NFT to unlock access temporarily to try the game before committing to purchasing is a great case for why you would rent an NFT.

There are a multitude of different projects and other utilities that benefit the holders of the NFTs.

![](https://learncardano.io/wp-content/uploads/2024/02/rent-a-tappy.png)

## Steps on How to Rent an NFT 

Following these steps, you can rent an NFT and become a part of that NFT collection’s ecosystem.

>**Connect your wallet & navigate to Rent**
>![](https://learncardano.io/wp-content/uploads/2024/02/fluid-tokens-go-to-rent.png)
> Connect your wallet in the top right corner of the website and navigate to “Rent” from the top navigation.



>**Select the collection**
>![](https://learncardano.io/wp-content/uploads/2024/02/fluid-tokens-choose-nft.png)
> Select the NFT collection you wish to rent.
>
>![](https://learncardano.io/wp-content/uploads/2024/02/fluid-tokens-select-nft.png)
> Select the NFT you wish to Rent

>**Choose amount of days**
>![](https://learncardano.io/wp-content/uploads/2024/02/fluid-tokens-choose-amount-of-days.png)
> Select the number of days you would like to rent the NFT for.

>**Check the details**
>![](https://learncardano.io/wp-content/uploads/2024/02/fluid-tokens-check-details.png)
> Check the overall rental details and click “Continue”.

>**Check and sign the transaction**
>![](https://learncardano.io/wp-content/uploads/2024/02/fluid-tokens-check-transaction.png)
> Check the transaction is doing what you expect and sign the transaction.

> **Success! You have Rented an NFT!**
> ![](https://learncardano.io/wp-content/uploads/2024/02/fluid-tokens-request-submitted.png)
> You have successfully rented your first NFT.

## Verifying Your Rented NFT

It is important to note that the NFT does not appear in your wallet. The NFT is associated with your wallet via the smart contract. You can connect your wallet to a third-party DApp, in this case, the Pavia land map, and check to see if the NFT has registered against your wallet.

![](https://learncardano.io/wp-content/uploads/2024/02/check-rented-nft-856x424.png)

### Managing Your Rented NFT

![](https://learncardano.io/wp-content/uploads/2024/02/fluid-tokens-manage-rental.png)

You can always access your rentals from the profile screen within Fluid Tokens. You will be able to see all the assets that are associated with your wallet and have the ability to extend your rental.

Be sure to check out our other tutorials on how to lend your NFTs and earn extra ADA.



How to Rent an NFT

How to Lend an NFT

Borrowing and Lending NFTs: Renting NFTs with Fluid Tokens

 What is Boosted Staking?

Learn How to Borrow Stake?

How to Lend ADA for Boosted ADA Rewards

How to Optimise & Manage Your Boosted Staking Offers

 Boosting ADA Staking Rewards with Fluid Tokens

Fluid Tokens is a platform that enables users to leverage their fungible and non-fungible tokens (NFTs) on Cardano as collateral to receive loans in ADA and other Cardano native tokens. With this feature, users can unlock the value of their NFTs or earn extra rewards by lending their utility tokens for others to use in trading or governance on various platforms. Furthermore, Fluid Tokens offers rental services for assets and staked ADA to help users increase their staking rewards in a relatively safe manner.

This course, filled with Fluid Token tutorials, will guide you through all the features available on Fluid Tokens.

Fluid Tokens Tutorial and Course

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