🛑Seizing Assets from Loan Defaults

If a loan has been defaulted on, a lender is able to seize the collateral as repayment for the principal and interest owed by the borrower.

This view is available on the Lender Dashboard.

By clicking Seize Asset, the Lender submits a transaction that transfers the NFT collateral to their wallet.

For more information, check out the Loan Default FAQ