Oort Digital
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Is my collateral or NFT safe?
As a borrower, is my collateral safe?
Yes, absolutely!! Your collateral is held in escrow in our smart contract during the entire leasing period. The only way you will lose your collateral is when you don’t return the NFT after the Max lending duration, and the lender forecloses by claiming your collateral.
As a lender, is my NFT safe?
Yes and No. Once you lend out your NFT, the NFT will be sent to the borrower’s wallet. The borrower can choose not to return back to you. Therefore, we recommend you not set a collateral amount too low, otherwise the borrower may never return your NFT, but simply take your NFT and sell higher on marketplaces.
Last modified 10mo ago
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