Loan status

Procedure

There are two (2) ways you can check the state of your loan:

rune.tools

  1. Visit the rune.tools Lending Position app
  2. Select the collateral asset type (BTC or ETH)
  3. Enter your loan address. This is the wallet address with which you provided collateral. Ex: if you opened a loan using BTC, this would be your Bitcoin address

You will be shown your current debt and current collateral amounts.

If your current debt is shown as $0.00 then your loan has been paid off in full (or has a loan credit).

RuneScan

  1. Visit RuneScan
  2. Search for your loan address. This is the wallet address with which you provided collateral. Ex: if you opened a loan using BTC, this would be your Bitcoin address
    • If your address is found, it will appear in a pull-down menu which you must select (unlike other search interfaces where you need to hit Enter)
  3. Click the Loans tab
    • This will only be present if you have an open loan or a loan credit
    • If there is no Loans tab, then the address no longer has an open loan
    • If there is a negative value for Debt Current then your address has a loan credit

Collateral return check

If you're closing a loan and want to check the status of your collateral being returned to you:

  1. Follow the above procedure and ensure you have either a) no remaining debt, or b) a loan credit
  2. Follow the Tracking a withdrawal procedure

If your debt has been mostly paid off, but shows small remainder left (ex. less than $1.00), refer to the Manual loan repayment procedure to use RUNE to pay off the remainder.