12h Grace Period

Never get liquidated if you repay within 12 hours

12h Liquidation Protection

NFT holders don’t want to hand over the ownership of their NFTs. That's why they look for other liquidity solutions instead of selling NFTs. In order to avoid losses caused by the market fluctuations, the borrower will have a 12-hour liquidation protection period to repay the debt

NFT-backed loans will never get liquidated if the borrowers repays within the 12-hour Grace period

The protocol will charge a 10% penalty (on the initial loan amount) for loans entering the 12h Grace Period