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Position Management

After borrowing, visit the /manage page to manage your Mortgage NFT positions.

Available Actions​

  • View positions — See all your Mortgage NFTs with collateral amounts, payment status, interest rates, and maturity dates
  • Make payments — Pay your monthly USDX obligation (or penalties if late)
  • Refinance — Adjust your interest rate and term (requires no missed payments or outstanding penalties)
  • Transfer — Send your Mortgage NFT to another wallet
  • Redeem — Once fully paid, burn the NFT and reclaim your collateral
  • Convert — Manually trigger conversion if eligible
  • Wrap/Unwrap — Convert between USDX and underlying stablecoins

Penalties and Foreclosure​

  • Payments are due every 30 days. A 3-day late window is allowed.
  • Missing a payment accrues a penalty (percentage of the monthly amount).
  • Missing more than 2 payments makes your position eligible for foreclosure — your collateral is seized and sent to the ForfeitedAssetsPool, and your Mortgage NFT is marked as foreclosed.

Position Lifecycle​

Mortgage Created
    │
    ▼
Active (making payments)
    │
    ├──► Fully Paid ──► Redeemable ──► Redeemed (collateral returned)
    │
    ├──► Conversion Triggered ──► Converted (partial collateral returned)
    │
    └──► Missed 2+ Payments ──► Foreclosed (collateral seized)

Payment Schedule​

Each mortgage has 36 monthly periods. Your monthly payment is:

monthlyPayment = totalDebt / 36

Where totalDebt = borrowed * (1 + APR * years).

Payments can be made in any supported stablecoin (USDT0, USDC, USDH) or directly in USDX. The Router handles conversion automatically.