Reference

Risks & FAQ

What each side of a loan is actually exposed to, and answers to the questions that follow from it.

For borrowers

Your collateral is at risk in full, not proportionally — if you don't repay by maturity, the lender can claim the entire collateralAmount, regardless of how far past maturity it is or how much the collateral is worth at that moment.
There's no early-repayment discount. Interest is fixed off the full duration at listing creation, so repaying on day one of a 90-day term still owes 90 days of interest.
An open listing can sit unfunded indefinitely — there's no expiry on open status, and no guarantee a lender ever fills it. You can cancelListing at any time before that happens.

For lenders

There's no margin call and no partial protection — if the collateral's value falls well below the loan value mid-term, nothing happens until maturity. You can't force an early close, top-up, or partial liquidation.
Filling a listing is final — there's no secondary market to exit an active position early, and no cancel once you've funded it.
claimCollateral gives you the collateral, not the debt in USDG. If the collateral is worth less than loanAmount + interestOwed(id) by the time you claim, that shortfall is your realized loss — the protocol doesn't make it up.

FAQ

Does Lendr charge a fee?

No. There's no fee parameter anywhere in the contract's ABI. All interest computed by interestOwed goes to the lender in full.

Can a listing be partially filled, or repaid in installments?

No. fillListing and repay are both all-or-nothing — a listing has exactly one lender, and repayment always covers the full loanAmount + interestOwed(id) at once.

Is there an oracle?

Not on-chain. Prices used for the LTV preview and market-table sorting come from a client-side lookup purely for display; LendrMarket itself never reads a price and never checks LTV.

What happens if I repay exactly at the maturity timestamp?

repay and claimCollateral are both valid to call the instant now >= startTime + duration. Whichever transaction is mined first wins — there's no grace period reserved for the borrower after maturity.

Glossary