# DAOLama NFT

Owning DAOLama NFT gives you reduced fees, extended loan terms, token farming and access to exclusive functionality.

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## Advantages of NFT DAOLama

* **Buyback**

  Buyback within 24 hours of an overdue deposit - status holders can contact the support team and buy back an overdue NFT within 24 hours of the smart contract expiry date
* **Collections**

  Extended Pledge Collections - status holders have access to extended NFT collections for pledges
* **Issuance**

  Increased Issuance Amount - status holders receive an increased NFT pledge issuance amount. Rare - 5% more, Epic - 10% more.
* **Percentage**

  Reduced Percentage of Return - status holders receive a pledge at more favourable terms. Rare - 10% less, Epic - 20% less.
* **All colours**

  Interest free loan - available to holders with all 4 NFT DAOLama colours. As long as you have 4 different colours in your wallet, you can borrow a TON against the NFT DAOLama without interest. More collections will be added in the future
* **Duration**

  Extended pledge period - status holders are able to get TONs for longer periods of time. Rare - 3 weeks, Epic - 4 weeks.
* **Auctions**

  Buyback of overdue pledges - status holders have the opportunity to buy back overdue pledges at a discounted price among the first to be offered on the Marketplace at a discounted price.
* **Payoff**

  Early redemption - status holders have the opportunity to receive a recalculation of the pledge fee on early redemption of NFTs.
* **Special**

  Reserved Option - status holders will receive several additional benefits when this option is introduced in the future


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