🍌
NiftyApes: User Docs
HOMECAREERSWHITEPAPER
  • 🍌What is NiftyApes?
    • πŸ“ƒWhitepaper
    • πŸ—£οΈThe NiftyApe Manifesto
  • πŸ”­Overview
    • πŸ€”How Does NiftyApes Work?
    • ♻️Refinance Guide
    • βš–οΈContracts & Security
      • Liquidity.sol
      • Offers.sol
      • Lending.sol
      • SigLending.sol
    • 😲Loan Default FAQ
  • πŸ’°Lenders dApp Guide
    • πŸƒβ€β™‚οΈLender Quick-Start Guide
    • πŸ’§Manage Liquidity Page
    • 🀝Create Offers Page
    • πŸ“ŠLender Dashboard
      • πŸ›‘Seizing Assets from Loan Defaults
      • πŸ™…Canceling Offers
  • πŸ–ΌοΈBorrowers dApp Guide
    • πŸ’ΈBorrow Page
      • πŸ†—Initiating the Loan
      • πŸ˜…Repaying a Loan
      • 😭Defaulting on a Loan
    • πŸ“ŠBorrower Dashboard
Powered by GitBook
On this page
  1. πŸ–ΌοΈBorrowers dApp Guide
  2. πŸ’ΈBorrow Page

😭Defaulting on a Loan

If the borrower does not pay back the principal + interest at the end of the loan duration, the lender has the option of seizing the asset.

Borrowers can repay their loan and reclaim their collateral up until the transaction block when a Lender initiates the SeizeAsset call to the NiftyApes smart contract.

😲Loan Default FAQ
PreviousRepaying a LoanNextBorrower Dashboard

Last updated 2 years ago