# Funding Locks (Makers) ## Funding a LONG Lock As a maker, you supply an NFT and earn up to 389% APY. Makers immediately receive their yield when the lock is purchased, and at the end of the 7 days, receive: * SOL if it goes above the set price. * SOL if the taker exercises the lock and buys the NFT for the lock price. * The NFT back if it goes below the set price. {% hint style="warning" %} By funding a LONG Lock, you are risking losing your NFT. Be sure that you are willing to sell your NFT at the lock price! {% endhint %}

{% hint style="info" %} Tensor charges 25% fees of the upfront payment (the yield). {% endhint %} {% hint style="success" %} The lock duration may end earlier if the lock is exercised before the 7 days is up. {% endhint %}

Note that the taker has the option of buying your locked NFT for the locked price, regardless of the collection's bid floor.

### Why Fund LONG Locks? You can **earn yield** on NFTs you are passively holding. ### Example You fund a LONG lock with your Tensorian at 100 SOL (expiring 7 days later) * Scenario A: Your lock is purchased and you immediately gain 2.23 SOL yield (post fees). Tensorians' bid floor goes to 105 SOL and the purchaser exercises the lock within the 7 day duration: you gain 100 SOL. You gain a total of 102.23 SOL for your Tensorian. * Scenario B: Your lock is purchased and you immediately gain 2.23 SOL yield (post fees). Tensorians' bid floor goes to 95 SOL and the lock expires after 7 days: you gain back your NFT. Net profit of 2.23 SOL. * Scenario C: Your lock is purchased and you immediately gain 2.23 SOL yield (post fees). The taker exercises their right to buy your Tensorian for 100 SOL. You gain a total of 102.23 SOL for your Tensorian. * Scenario D: Your lock isn’t purchased by anyone and stays there until you remove it.

## Funding a SHORT Lock Maker supplies SOL for a SHORT Lock at a chosen price in a similar way to NFT lending. Maker immediately earns yield when the lock is purchased, and after 7 days, receives: * SOL if it goes above the set price. * An NFT if it goes below the set price. * An NFT if the taker exercises the lock by providing any NFT from the collection, regardless of price. {% hint style="warning" %} By funding a SHORT Lock, you may receive an NFT back instead of SOL, regardless of the collection's floor price. Be sure that you are willing to buy an NFT for the lock price! {% endhint %}

Note that the taker has the option to sell you an NFT from the shorted collection for the lock price, regardless of its floor price.

### Why Fund SHORT Locks? You can earn yield on SOL similar to NFT lending. Another way of purchasing your desired collection while **earning yield more efficiently** than lending since the **interest is paid upfront**! ### Example You fund a SHORT lock at 100 SOL (expiring in 7 days) * Scenario A: Your lock is purchased and you immediately gain 2.23 SOL yield (post fees). Tensorians' floor price (post fees/royalties) goes to 105 SOL for the 7 day duration, the lock is not in profit and expires: you gain your 100 SOL back. Net profit of 2.23 SOL. * Scenario B: Your lock is purchased and you immediately gain 2.23 SOL yield (post fees). Tensorians' floor price (post fees/royalties) goes to 95 SOL and the lock is exercised. You pay 100 SOL (97.77 net) for a Tensorian. * Scenario C: Your lock is purchased and you immediately gain 2.23 SOL yield (post fees). Regardless of Tensorians' floor price, the taker may exercise the lock by supplying any Tensorian NFT. You pay 100 SOL (97.77 net) for a Tensorian. * Scenario D: Your lock isn’t purchased by anyone and stays there until you remove it.

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