Deals
Buy discounted collateral from expired loans. Dutch auction, price drops over time, first buyer wins.
When a borrower misses repayment, their collateral is listed as a Dutch auction. Price starts above market value and drops automatically until someone buys. No bidding. No matching. Instant purchase.
| Field | Description |
|---|---|
| Collateral | Asset and amount available |
| Market Value | Current market price |
| Buy Price | Current asking price, drops over time |
| Discount | How far below market you’re paying |
| Expires in | Time remaining before auction closes |
Wait longer for a bigger discount. Risk someone else buying first.
Deals only exist when borrowers default. See Borrow for how loans work, or How It Works for the full lifecycle.