Trim the Top Refinancing
Trim the Top allows lenders to set risk parameters for a specific collection, streamlining the process of refinancing multiple loans and tranches simultaneously. Here's how to use it:
Last updated
Trim the Top allows lenders to set risk parameters for a specific collection, streamlining the process of refinancing multiple loans and tranches simultaneously. Here's how to use it:
Last updated
Navigate to the page and select the "Trim the Top" tab.
Choose the collection you want to trim, for example, CryptoPunks.
Using the slider, enter the total principal amount you will be lending across the loans you trim (marked with a black check). Loans marked with a '✓' will be fully refinanced. Loans with a ‘—’ will be partially refinanced.
Use the filters to narrow down the loans you want to refinance:
Principal: Filter loans by their outstanding principal.
Days Left: Filter loans based on the remaining days.
Choose the percentage you want to improve the loans by—options are 5%, 10%, or 15%. Higher improvements reduce the interest collected but also the likelihood of your loan getting refinanced by another lender.
Carefully review the details of the Trim the Top refinance. If everything is correct, click the "Refinance" button and confirm the transaction in your wallet.
These steps should guide you through the process of using the Trim the Top feature effectively. If you need further clarification or assistance, feel free to ask in .
