What is a Liquidation?

If you do not repay your loan with the interest by the time you have agreed upon, your asset will become the property of the lender, who will be able to claim it from escrow.

To avoid a liquidation, It is your responsibility to A. repay the loan and interest in full, B. prior to the loans expiration, C. From the wallet that borrowed it and D. in the crypto that your borrowed it in via the Liqd site. Liqd cannot and does not have access to your loans as they are created with another user who has provided liquidity.  Lidq cannot reverse or stop a liquidation.

Liqd can help with any technical issues so please contact us if you have questions when you have any issues related to the repayment or claiming of assets PRIOR TO a loans termination. Do so as early as possible, as the smart contracts are binding.