<h3>Claiming your NFT from a defaulted loan</h3>
When a lender defaults on their loan, you receive their NFT in return. When this occurs, you will receive a notification on your profile &gt; loans page stating you can "claim" your NFT
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In order to claim your NFT, follow these steps:
1. Go to your profile page &gt; Loans &gt; Lending tab
<img src="https://cdn.livechat-files.com/api/file/kb/file/15826098/d5f801c1a1-eff16d0790784351947f.png">
2. Click on the button to claim your NFT and sign the transaction
<img src="https://cdn.livechat-files.com/api/file/kb/file/15826098/085ed006cf-2b6276f288e91df660d1.png">

CLAIMING YOUR NFT FROM A DEFAULTED LOAN

When a lender defaults on their loan, you receive their NFT in return. When this occurs, you will receive a notification on your profile > loans page stating you can "claim" your NFT

 

In order to claim your NFT, follow these steps:

1. Go to your profile page > Loans > Lending tab



2. Click on the button to claim your NFT and sign the transaction



Claiming NFTs on defaulted loans

Managing your Offer Pool

Create a Loan

Request to Borrow

Accept a lend request

How to cancel a loan offer

How do I repay a loan and get my NFT back?

What happens when a loan is paid back?

Is it possible to extend or refinance a loan?

Can my NFT receive airdrops during the loan duration?

Do I earn XP when lending?

What are the consequences of defaulting on a loan?

Visual breakdown of Lending and borrowing

Explanation of lending fees

Liquid lending offer explanation

How can I see when I add or remove ADA from my lending pool?

Is ADA in my offer pool still staked? 

Is Lending available for all Collections?

Lending and Borrowing