Visual Diagrams
These diagrams explain how NFT Loans works visually.
System Architecture
Loan Lifecycle: Safe Guard Mode
Loan Lifecycle: Deposit Mode
Safe Guard: What Gets Blocked
The 24-Hour Activation Delay
Timeline:
├─ 0h: Borrower accepts offer, NFT locked
├─ 0-24h: PENDING_ACTIVATION (can cancel if issues)
├─ 24h: activateLoan() called, ETH sent to borrower
├─ 24h+: ACTIVE - Interest accruing
├─ Maturity: Loan should be repaid
├─ +24h: Grace period for late repayment
└─ +48h: DEFAULTED - Liquidation enabled