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BendDAO · Jul 27, 2022 · 8ca81f4 · 8ca81f4
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diff --git a/README.md b/README.md
@@ -14,7 +14,7 @@ BendDAO is the first decentralized peer-to-pool based NFT liquidity protocol. NF
 
 Borrowers can list mortgaged NFTs directly on the BendDAO marketplace. The balance after deducting debt with interests will be transferred to the borrower (seller) after the deal.&#x20;
 
-### Instant Liquidity Listing&#x20;
+### Instant Liquidity Listing (ILL)
 
 NFT holders/sellers can choose to instantly get up to 40% of the floor value of the listing before it even sells. The instant liquidity is actually provided by the instant NFT-backed loan. The buyer will pay off the loan including interests after the deal.&#x20;
 

diff --git a/SUMMARY.md b/SUMMARY.md
@@ -44,9 +44,9 @@
 
 ## NFT Liquidity
 
-* [NFT Down Payment (Buyer)](nft-liquidity/nft-down-payment-buyer.md)
+* [NFT Down Payment (Buyer)](marketplace/nft-down-payment-buyer.md)
 * [Instant Liquidity Listing (Seller)](nft-liquidity/instant-liquidity-listing-seller.md)
-* [Royalties on secondary sales (Creator)](nft-liquidity/royalties-on-secondary-sales-creator.md)
+* [Royalties on secondary sales (Creator)](marketplace/royalties-on-secondary-sales-creator.md)
 
 ## Governance
 

diff --git a/faq/equity-cash-out-listing-faq.md b/faq/equity-cash-out-listing-faq.md
@@ -2,29 +2,29 @@
 
 ## Why this feature is designed?
 
-This functionality is designed to provide better liquidity for sellers. Sellers can cash out while waiting for the deal. The cash-out can be considered as the upfront payment from the future buyer. &#x20;
+This functionality is designed to provide better liquidity for sellers. Sellers can cash out while waiting for the deal. The instant liquidity can be considered as the upfront payment from the future buyer. &#x20;
 
-## What happens when I choose the Instant Liquidity listing?
+## What happens when I choose Instant Liquidity Listing (ILL)?
 
-You can instantly get 40% of the floor price of your listing before it even sells. Meanwhile, your NFT is deposited as collateral in the pool. The upfront payment is actually provided by the instant NFT-backed loan.
+You can instantly get up to 40% of the floor price of your listing before it even sells. Meanwhile, your NFT is deposited as collateral in the pool. The upfront payment is actually provided by the instant NFT-backed loan.
 
-## Do I need to pay the loan interest after the Instant Liquidity listing?
+## Do I need to pay the loan interest after ILL?
 
 When the deal is done, the buyer will pay off the loan including interests after the deal.&#x20;
 
 _The amount Seller will receive = Total price - debt with interests_
 
-## Can I cancel my Instant Liquidity listing?
+## Can I cancel my ILL?
 
-Yes, you can delist anytime you like. But once you choose the Instant Liquidity Listing, you are also a borrower on BendDAO. If you want to redeem the NFT, you need to pay off the loan.
+Yes, you can delist anytime you like. And you are also a borrower on BendDAO after the ILL. If you want to redeem the NFT, you need to pay off the loan.
 
 ## Can I list again after the delisting?
 
-Yes, you can list again anytime you like. But the Equity Cash-out listing is not an option for the same NFT anymore, since you already used the NFT as collateral.&#x20;
+Yes, you can list again anytime you like. But the Instant Liquidity Listing is not an option for the same NFT anymore, since you already used the NFT as collateral.&#x20;
 
-## What if no one buys my NFT after the Equity Cash-out listing?
+## What if no one buys my NFT after ILL?
 
-Liquidation may happen. Since you actually take a loan when you listing_. Y_ou should keep an eye on the health factor of the loan. As time passes, the accrued interest will grow making the health factor decrease, which might result in 48h liquidation protection.
+Liquidation may happen. Since you actually take a loan when you listing_._ You should keep an eye on the health factor of the loan. As time passes, the accrued interest will grow making the health factor decrease, which might result in 48h liquidation protection.
 
 {% content-ref url="liquidation.md" %}
 [liquidation.md](liquidation.md)

diff --git a/highlights/leveraged-nft-trading.md b/highlights/leveraged-nft-trading.md
@@ -20,4 +20,4 @@ The buyer can pay **a minimum down payment of 60%**, depending on the actual pri
 
 The buyers will automatically become borrowers with the down payment. And borrowers can list their mortgaged NFT for sale on the BendDAO marketplace as well.
 
-### [nft-down-payment-buyer.md](../nft-liquidity/nft-down-payment-buyer.md "mention")
+### [nft-down-payment-buyer.md](../marketplace/nft-down-payment-buyer.md "mention")
diff --git a/nft-liquidity/nft-down-payment-buyer.md → marketplace/nft-down-payment-buyer.md b/nft-liquidity/nft-down-payment-buyer.md → marketplace/nft-down-payment-buyer.md
diff --git a/...y/royalties-on-secondary-sales-creator.md → ...e/royalties-on-secondary-sales-creator.md b/...y/royalties-on-secondary-sales-creator.md → ...e/royalties-on-secondary-sales-creator.md
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Expand Up		@@ -20,4 +20,4 @@ The buyer can pay a minimum down payment of 60%, depending on the actual pri

		The buyers will automatically become borrowers with the down payment. And borrowers can list their mortgaged NFT for sale on the BendDAO marketplace as well.

		### [nft-down-payment-buyer.md](../nft-liquidity/nft-down-payment-buyer.md "mention")
		### [nft-down-payment-buyer.md](../marketplace/nft-down-payment-buyer.md "mention")