Returning & Defaulting
Last updated
Last updated
You can return the NFT in the section. Click on the 'Return' button and confirm the transaction.
If a Collateralized Rental is not returned within the Rent Duration, it is considered as [Defaulted]. The NFT can not be returned anymore and the Lender can claim the collateral in .
Be careful when deciding how much collateral you want to charge. As a general rule of thumb, consider this as the price, for which you would be willing to let your NFT go.