PawnSpace
  • Official PawnSpace Whitepaper
  • Introduction
    • Introduction
      • Glossary
      • Why PawnSpace?
      • Key Features
  • Concepts
    • The PawnSpace Protocol
      • Borrowing/Lending Flow
      • Architecture
      • Use Cases
  • User Guide
    • Getting Started - Outdated UI
      • Configure a wallet
      • Create an order (borrower)
      • Create an offer (lender)
      • Accept an offer (borrower)
      • Repay or Withdraw
  • Future Research
    • NFT loan derivatives
    • Decentralized Credit Score
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  • Repay (for borrowers)
  • Withdraw (for lenders)

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  1. User Guide
  2. Getting Started - Outdated UI

Repay or Withdraw

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Last updated 2 years ago

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This page guides Borrowers on how to repay their loans and Lenders on how to claim their NFT collateral if the Borrower defaults.

Repay (for borrowers)

  • You can pay back the debt within a limited time (mutually accepted loan duration). After repayment, you will be able to reclaim the NFT that was deposited as collateral.

  • Click on "My Orders" on the header menu.

  • Click the "Repay" button for the debt that you want to pay back. If the "Approve" button is shown on the bottom of the Order, you have to click and approve to allow the funds to be handled by the PawnSpace smart contract.

  • Metamask shows a dialogue. Click the "Confirm" button.

Withdraw (for lenders)

  • If the repayment is not done in time, the Lender may withdraw the collateral NFT.

  • Click on "My Offers" on the header menu.

Click the "Withdraw" button, and a Metamask dialogue shows. Click "Confirm" to withdraw and claim the defaulted loan's collateral.