Claim fees
NFT positions represent ownership in liquidity pools, which means they earn fees from Uniswap swaps. These fees are automatically added to the position's value, making them self-yielding assets.
The good news is that even when you borrow against your NFT position on Chad Finance (by placing it in the vault as collateral), you continue to earn these swap fees. However, there's a catch: you can only claim the accumulated fees if your position is considered "healthy."
A healthy position essentially means your loan-to-value ratio is within safe limits. This ensures Chad Finance has sufficient collateral to cover the loan in case of default.
To claim the fees on your healthy NFT position:
Navigate to the specific position page for the NFT where you want to claim fees.
Here's a crucial step: Double-check that your NFT position is both healthy and not withdrawn. You cannot claim fees on a position that's already been withdrawn from the vault.
Once you've confirmed your position's status, click the "Claim Fees" button.
Finally, confirm the transaction on your wallet to finalize the claim. Once confirmed, the accumulated fees will be transferred directly from your NFT position to your wallet.
In short, borrowing on Chad Finance allows you to leverage your NFT position's earning potential while you borrow CUSD. Just remember to maintain a healthy loan-to-value ratio to claim the generated fees.
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