2026-01-07 12:11:35

When a borrower stops making loan payments for an extended stretch and fails to bring the account back into compliance, that's when default kicks in. At this point, the lender has every right to take action—whether that's liquidation, seizing collateral, or enforcing other remedies outlined in the loan agreement. Default isn't just missing a payment here and there; it's the serious breakdown of the borrowing relationship when the borrower clearly isn't honoring their obligations.

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SudoRm-RfWallet/

· 01-10 07:38

NGL lending really has nothing much to say, to put it simply, it's just about owing debts that need to be repaid.

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FUD_Whisperer

· 01-10 02:22

So you don't want to repay your debts and still want to turn things around? Wake up, this is the consequence of default.

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ETHmaxi_NoFilter

· 01-09 06:05

ngl Borrowers not repaying really just invites trouble; once the lender initiates liquidation, there's no room for negotiation.

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AirdropDreamBreaker

· 01-07 12:41

Well, to put it simply, it's about time to pay back the money. If you're liquidated, it's your own fault.

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LiquidatedThrice

· 01-07 12:40

Honestly, this kind of thing is too common in the crypto world. Leveraged traders will have to repay their debts sooner or later. Look down on those who borrow money and then try to default—serves them right for being liquidated. Once defaulted, there's no room for negotiation. Everyone is equal before the contract.

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MoonMathMagic

· 01-07 12:38

NGL, overdue debt issues are even more severe on the chain, directly liquidating collateral and giving you no time to react...

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ParallelChainMaxi

· 01-07 12:38

So realistic, that's why you need to read lending contracts carefully... Once triggered by default, it's really game over.

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CryptoComedian

· 01-07 12:37

Laughing and then crying, isn't this just our daily routine? Borrow money and not repay, directly liquidate, with the liquidation robot ruthlessly transferring funds.

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FancyResearchLab

· 01-07 12:13

Basically, it's the story of borrowing money and not repaying, leading to liquidation, happening every day in DeFi.

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