# FAQ * What is GoatNFT?: GoatNFT facilitates easy NFT renting and lending. It's ideal for individuals considering purchasing an NFT or needing one temporarily, with a wide range spanning from art to utility NFTs. * What does NFT renting and lending entail?: Lenders set terms like rental fees and duration, while borrowers can rent NFTs for periods set by lenders. More information is available in the official documentation. * Risk of NFT theft?: There's a system in place where borrowers provide a collateral deposit. If they fail to return the NFT, the lender keeps the collateral. * Are there any fees?: A 5% fee of the rent price is charged during the NFT return process. * Can I use WE tokens for renting/lending?: Currently, transactions are conducted with oUSDT and USDT, but other tokens may be considered in the future through governance and DAO. * Supported NFT mainnets?: GoatNFT supports Klaytn and Ethereum-based NFTs, including ERC-721, ERC-1155, and KIP-17 tokens. Future expansions to include multi-chain and L2, like EVM-based Polygon and Binance Smart Chain (BSC), are planned for Q1 of 2023. * Is GoatNFT 100% risk-free?: No platform is entirely without risk. Potential risks include smart contract vulnerabilities and liquidation risks. * Identifying fake NFTs?: Borrowers should verify the authenticity and contract address of the NFT, preferably on platforms like OpenSea or Rarible. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://nftgogogo.gitbook.io/goatnft/faq.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.