💵Loans
Last updated
Last updated
The Loans tab displays the list of loans taken by the borrower. It contains a table with the following parameters:
Loan - The asset and asset amount the user has received as a loan.
Collateral - The asset and asset amount deposited to secure the loan. The Collateral is to be returned after the loan is repaid successfully.
Interest - The asset and asset amount due as an interest payment after returning the loan.
Time remaining - This parameter indicates the remaining time before the lender can liquidate the loan. To avoid liquidation, the borrower must repay the loan before expiration.
User interface:
Status | Action | Description |
---|---|---|
Repay | After fulfilling the Loan request, the Borrower can repay the underlying debt. | |
Requested | The Loan request hasn’t been funded yet. The user has the option to can cancel it and redeem the deposited collateral. |