Claiming collateral
A borrower's loan expired without a buyback. Claim your collateral tokens here.
When a loan expires and the borrower did not buy back, the collateral belongs to you. It does not move to your wallet automatically. You claim it.
Screenshots for this guide are being added shortly. The steps below describe the full process.
Step 1: Go to Lend
Click Lend in the top navigation. Expired loans with unclaimed collateral appear in your loan history.
Step 2: Find the claimable loan
Look for a loan marked as Defaulted with a Claim button. This means the term has ended and the collateral is ready to collect.
Step 3: Open the claim panel
Click Claim. A panel opens showing the collateral token and amount you are about to receive.
Step 4: Confirm the claim
Click Confirm and approve the transaction in your wallet. The collateral tokens are sent to your wallet immediately.
Step 5: Done
The loan closes and moves to your past loans. The collateral is now in your wallet to hold, swap, or do with as you like.
If a loan had a partial buyback during its term, you only receive the portion that was not redeemed. The borrower already reclaimed their share.