Closing a Loan
Last updated
Last updated
Repay your loan at any time before the loan duration expires to avoid liquidation:
Navigate to the Single NFT page by clicking the NFT row in “My NFTs”
Calculate Repayment: Ensure you have the principal amount plus the accrued interest.
Repay Loan: Send the repayment amount to the escrow contract by clicking Repay. This will transfer the amount due (principal + interest) and withdraw your NFT.
Similar to the listing process, you can select several NFTs and repay and withdraw them simultaneously. From the “My NFTs” tab, select the NFTs you want to repay and click “Repay and Withdraw” in the action bar. This is particularly useful for large NFT holders who need to act on multiple NFTs at once.
