NFTuloan Whitepaper
  • Introducing NFTuloan
  • Roadmap
  • Protocol
    • Challenge
    • Crypto Movements
    • Communication
    • Staking Phazes
      • Funding
      • Lenders Selection for Loan Creation
    • Balances
    • Loan Termination
      • Loan Payback
      • Loan to Hotdeal
    • Ethers Withdrawal
    • NFT Collections Estimation
  • Platform
    • Instant Liquidity
    • Staking ETH
    • Marketplace
    • Security
  • Tokenomics
  • DAO
    • Functions
    • Level
    • $veULOAN and Voting Right
  • API Operations
    • Borrowing Functions
    • Staking Functions
  • Resources
    • Team
    • Legal Disclaimer
  • API Operations
  • FAQ
    • General
      • What is NFTuloan?
      • How can I create an account?
    • Liquidity
      • How do I get liquidity?
      • How do I repay my liquidity?
      • What happens if liquidity isn't repaid on time
      • Are my assets protected as a borrower throughout the liquidity period?
      • How long does it take to receive my liquidity?
      • Can I close my liquidity at any time?
      • What are the interest rates for NFTuloan liquidity
      • Can I have multiple liquidity?
      • What are the liquidity durations?
      • My NFT is rare, can I receive a bigger liquidity?
      • My NFT is worth 20ETH and I can only borrow 14ETH. Why?
    • Staking
      • How can I make money with my ETH?
      • How much money can I earn with my ETH?
      • What is the minimum amount of ETH I can transfer? Or the maximum?
      • When do I start earning my rewards?
      • What is my gain when I stake my ETH?
      • When can I withdraw my cryptocurrencies?
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  1. Protocol
  2. Loan Termination

Loan Payback

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Last updated 2 years ago

The borrower (the person who asks for a loan to have ethers) will have a delay to pay the ethers he received. This process is directly handled by our smart contract. If the person pays before the limit date, he will automatically receive his NFT back. And in the same transaction we manage to distribute the interest generated by involved lenders. And we also send back the ether funds they allow to be borrowed from their balances.