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NiftyApes: User Docs
HOMECAREERSWHITEPAPER
  • 🍌What is NiftyApes?
    • 📃Whitepaper
    • 🗣️The NiftyApe Manifesto
  • 🔭Overview
    • 🤔How Does NiftyApes Work?
    • ♻️Refinance Guide
    • ⚖️Contracts & Security
      • Liquidity.sol
      • Offers.sol
      • Lending.sol
      • SigLending.sol
    • 😲Loan Default FAQ
  • 💰Lenders dApp Guide
    • 🏃‍♂️Lender Quick-Start Guide
    • 💧Manage Liquidity Page
    • 🤝Create Offers Page
    • 📊Lender Dashboard
      • 🛑Seizing Assets from Loan Defaults
      • 🙅Canceling Offers
  • 🖼️Borrowers dApp Guide
    • 💸Borrow Page
      • 🆗Initiating the Loan
      • 😅Repaying a Loan
      • 😭Defaulting on a Loan
    • 📊Borrower Dashboard
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  1. Lenders dApp Guide
  2. Lender Dashboard

Seizing Assets from Loan Defaults

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Last updated 2 years ago

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