Returning & Defaulting
You can return the NFT in the Portfolio/Renting 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 Portfolio/Lending.
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.
Last modified 10mo ago