Lending Marketplace FAQs
Rewards for races will continue to be paid in WETH, corresponding with the equivalent USD amount which was advertised.
Subject to the terms and conditions, Lending Permit slots can be reused when racehorses return from the Lending Marketplace. Lending Permits are not consumed on use, and they cannot be bought, sold, or traded.
The amount of ZED Tokens required for a permit may vary. Please read the descriptions in the Lending Marketplace, which explain how permit conversion rates operate. The Manage Permits modal in-game is the best place to get the current lockup rate..
Yes, but players can only lend one racehorse per Lending Permit.
Initially, Lending will be about basic accessibility, rather than borrowing a specific type of racehorse. We suggest that players looking to borrow “the best” racehorses, should do their own research, which is a part of skilful participation. There will be additional tools introduced in the future to assist with lending choice.
The intent of borrowing is for lower value racehorses to support game exploration instead of strategic racing engagements and tournament performance.
Initially however, players will see a list of five racehorses to borrow from, there will be no navigation or filter criteria to start with.
Lending Permits themselves do not expire. However, Lending Periods do expire, initially after four days. If the racehorse is in a gate or race when the time is up, the racehorse will be returned after the race finishes.
Players will not be able to sell or transfer their racehorse(s) while it is in the Lending Marketplace, or actively being borrowed.
Borrowed racehorse participation and rewards will be subject to the terms and conditions specified for a given event. Some events may support borrowed racehorses, others will not. Please review the terms and conditions for a given event to determine what qualifies.
To provide opportunities for new players to play with minimal stakes as they learn the game during their first racing experiences. This is by design. If a player desires to play with a specific racehorse, we suggest buying it from a third party marketplace or entering a direct lending engagement with that racehorse’s owner.
Initially, all race history (for both owner and borrower) will appear on the racehorse’s profile. In the future, these stats will be segmented based on who raced a given racehorse, but until this is implemented – all races will be aggregated.
If you lend out unnamed racehorses the borrower would be able to name it. This will not be reset, unless it contravenes our naming policy.
If a lending period ends before the end of a tournament, after a borrower has qualified, or partially completed a tournament and did not receive any rewards, they will receive none of the unpaid tournament rewards.
In the case that a racehorse has undistributed tournament winnings, and it returns to the marketplace instead of the owner’s stable when winning are distributed – neither borrower nor lender may receive rewards.
We are working to develop and implement better controls around borrowed racehorses competing in tournaments, however, this will not be available at launch.
Please refer to our Terms and Conditions.