When you default on a loan, the NFT you used as collateral is sent to the lender.
They can claim the NFT from their profile &gt; Loans &gt; lending tab
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When you default on a loan, the NFT you used as collateral is sent to the lender.

They can claim the NFT from their profile > Loans > lending tab



 

What are the consequences of defaulting on a loan?

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?

Claiming NFTs on defaulted loans

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?

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