Documentation
Linx OTC
Linx OTCLinx Wallet
Linx OTC
Linx OTCLinx Wallet
  • Introduction
    • Welcome
  • P2P Trading
    • How does P2P Trading work
    • Why use OTC Trading
    • How to connect your wallet
    • How to find your public key
    • Create a P2P Trade
    • Sign a new P2P trade
    • Review and Sign a P2P Request / Link
    • Where to find someone to trade with
  • P2P Loans
    • FAQ
    • Creating a loan
    • Deleting a loan
    • Borrowing
    • Paying back
    • Claiming collateral
  • Testnet
    • Create Testnet Account
    • Get Testnet ALPH
    • Get other Testnet Tokens
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  1. P2P Loans

Claiming collateral

Once a loan is overdue, the lender has the right to claim the collateral that the borrower locked in exchange for the loaned funds.

  1. Go to "Dashboard" and click on the loan that's overdue.

  2. On the "Loan details" screen click on "Liquidate" button and sign the transaction.

  3. Once the transaction is confirmed, you will received back the collateral and an amount of ALPH (1.0 ALPH at the time of writing) that was locked when the loan was created.

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Last updated 10 months ago

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