Trilobyte
  • 📖Trilobyte Documentation
  • User Docs
    • Introduction
      • What problem is the protocol trying to address?
      • Use case examples
    • Vault Overview
    • For Borrowers
      • The Vault phases
        • The Funding Phase
        • The Approval phase
        • The Lending Phase
        • The Completed Phase
        • The Closed Phase
        • The Default Phase
      • Receiving a loan
    • For Investors
      • Loan financing
      • Withdrawals
    • Vault payments
    • Protocol Revenue and Fees
    • Default Procedure
    • Governance
  • TECHNICAL DOCS
    • Smart Contract Architecture
  • Stellar futurenet tests
    • Freighter wallet
    • Testing information
    • Testing deposits and withdrawals for a Vault in Funding status
    • Testing approval and withdrawal of a loan by the borrower
Powered by GitBook
On this page
  1. User Docs
  2. For Borrowers
  3. The Vault phases

The Lending Phase

  • This phase starts with approval of the loan by The Borrower. Once this happens, interest will begin to accrue and the Borrower may withdraw the principal of the loan.

  • During the Lending Phase, Investors may only withdraw funds by initiating a withdrawal request.

  • The Payers make their payments to the Vault in accordance with the agreed schedule.

  • The Borrower may, at specified times in a transaction with numerous regular payments to the Investors, withdraw excess cash paid into the Vault by Payers not required to meet the payment obligations of the Borrower.

PreviousThe Approval phaseNextThe Completed Phase

Last updated 2 years ago