Update instant-lending-and-repayments.md

highlights/instant-lending-and-repayments.md

@@ -1,38 +1,39 @@
 ---
-description: Borrow and repay ETH anytime
+介绍: 随时 ETH 借贷和还款
 ---
 
-# Instant Lending and Repayments
+# 即时借贷和还款
 
-## Borrow and repay ETH anytime
+## 随时 ETH 借贷和还款
 
-**Instant NFT-collateralized loans** bring instant liquidity for blue-chip NFT holders. NFT holders can borrow and repay ETH anytime.
+**即时抵押 NFT 贷款**  为蓝筹 NFT 持有者带来即时的流动性。NFT 持有者可以随时借出和偿还 ETH。
 
-No matching time.
+无匹配时间。
 
-A trustless liquidity solution for NFT holders. Deposit your NFT as collateral for you to be able to borrow Ethereum. Deposited NFTs will be put into an NFT pool and converted into [boundNFTs](../lending-protocol/boundnft.md).
+为 NFT 持有者提供一个无需信任的流动性解决方案。您存入 NFT 作为抵押品就能借到以太坊。存入的 NFT 将被放入 NFT 池中，并转换为 [boundNFTs](../lending-protocol/boundnft.md)。
 
-## Which NFTs can be used as collaterals?
+## 哪些 NFT 可以被用作抵押品？
 
-**Bored Ape YC, CryptoPunks, Mutant Ape YC, Azuki, Clone X,** and **Doodles** are supported as collateral now.
+当前支持 **Bored Ape YC、CryptoPunks、Mutant Ape YC、Azuki、Clone X、** 和 **Doodles** 作为抵押品。
 
-MAYC, Azuki, CloneX and Doodles are selected by BEND stakers. Details of the Community Voting: [https://snapshot.org/#/benddao.eth/proposal/QmVgsdtx6PAqKLyAMSnvXAoLrEJc1s6VVKLtWtEdqb4zPC](https://snapshot.org/#/benddao.eth/proposal/QmVgsdtx6PAqKLyAMSnvXAoLrEJc1s6VVKLtWtEdqb4zPC)
+BEND 质押人选择了 MAYC、Azuki、CloneX 以及 Doodles。关于社区投票的细节，见：
+[https://snapshot.org/#/benddao.eth/proposal/QmVgsdtx6PAqKLyAMSnvXAoLrEJc1s6VVKLtWtEdqb4zPC](https://snapshot.org/#/benddao.eth/proposal/QmVgsdtx6PAqKLyAMSnvXAoLrEJc1s6VVKLtWtEdqb4zPC)
 
-## NFT Price Discovery
+## NFT 价格发现
 
-**NFT floor prices** are calculated using a complicated algorithm. The original price data comes from a well-known NFT marketplace which is OpenSea.
+**NFT 地板价** 由一个复杂的算法计算得出。原始价格数据来自一个知名的 NFT 市场，即 Opensea。
 
-* The Bend team currently maintains the NFT price oracle.
-* In the future, Bend governance mechanisms will manage the selection of sources.
+* Bend 团队当前负责维护 NFT 价格预言机。
+* 在未来，Bend 治理机制将会管理数据源的选择。
 
-## What's the Collateral Ratio?
+## 什么是抵押品比率？
 
-| Name         | Symbol      | Collateral Ratio | Liquidation Threshold | Liquidation Bonus | Redeem Duration (Days) | Auction Duration (Days) | Redeem Fine |
+| 名称         | 代号         | 抵押品比率        | 清算阈值              | 清算奖励           | 赎回期限（天）          | 拍卖时长（天）         | 赎回罚金  |
 | ------------ | ----------- | ---------------- | --------------------- | ----------------- | ---------------------- | ----------------------- | ----------- |
 | CryptoPunks  | CryptoPunks | 40%              | 90%                   | 5%                | 2                      | 2                       | 1%          |
 | Bored Ape YC | BAYC        | 40%              | 90%                   | 5%                | 2                      | 2                       | 1%          |
 | Others       | TBC         | 30%              | 90%                   | 5%                | 2                      | 2                       | 1%          |
 
-[More details](../risk/nft-risk-parameters.md)
+[更多细节](../risk/nft-risk-parameters.md)
 
 ##