Lender
Lenders will be able to earn yields by providing liquidity in the Reserve Vault on Astar network.
The borrower's NFT collateral is locked in an NFT escrow contract. If the total debt exceeds the value of the collateral, user's NFT collateral is liquidated and moved to undergo auction. The auction price cannot be lower than the total debt. So the lender's principal will not be lost.
Last modified 3mo ago