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Trim the Top Refinancing

Step 1: Visit the Refinance Loans Page

Section titled “Step 1: Visit the Refinance Loans Page”

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

Trim the Top Refinancing

Step 2: Select the Collection

Section titled “Step 2: Select the Collection”

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

Step 3: Enter the Trim Amount

Section titled “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

Section titled “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

Section titled “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

Section titled “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.

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.