When will assets be liquidated?
Last updated
Last updated
When you do not have enough capacity to repay the debt when it is due, your collateral will be recovered by the system and calculated to return the remaining assets after deducting loan costs and loan interest rates.
The system will claim reward and unstake the stake package corresponding to your collateral stNFT. The stake package corresponding to the collateral will no longer be available and you may need to wait 30 minutes after the liquidation time to receive the remaining assets after liquidation. You will need to perform a "Claim" operation to receive your remaining assets.
Remind you: Remember to regularly monitor your loan, remember the repayment times to avoid liquidation of assets.