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:

Step 1: Visit the Refinance Loans Page

Navigate to the Refinance Loans page and select the "Trim the Top" tab.

Step 2: Select the Collection

Choose the collection you want to trim, for example, CryptoPunks.

Step 3: Enter the Trim Amount

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.

Step 4: Use Filters to Narrow Down Loans

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.

Step 5: Select the Percentage for Refinancing

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.

Step 6: Review and Confirm

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.

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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 GONDI’s Discord.