Set Collateral

If the App asks you to set collateral, it means that you need to have at least 5 ADA on a separate UTxO to transact within the app. That is how some Cardano smart contracts work.

The following guides will help you:

chevron-rightEternl Wallethashtag
  1. Open your wallet and click on "Wallet Settings"

  1. Unfold the "Collateral" dropdown

  1. Click on the "Set Collateral" button and sign the transaction

chevron-rightNami Wallethashtag
  1. Open the Nami extension and click on the avatar at the top right corner

  1. Click the "Collateral" button

  1. Sign the transaction

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