Bitty Doc
  • Introduction
    • Why Bitty?
    • Pros for borrowers
      • Borrow money instantly
      • Repay money anytime
      • Interests lower
      • Batch borrows in one transaction
      • Claim airdrops in loans (Ordinals)
      • Proof of Ownership (ordinals)
      • Liquidation-protection (ordinals)
      • Get value from the auctions (ordinals)
    • Pros for lenders
      • Get interests instantly
      • Withdraw money anytime
      • Get protected from defaulting
  • User guides
    • Borrowers
      • Borrow money
      • Repay loan & interests
      • Claim airdrops
      • Proof collateral ownership
      • Redeem when auction started
    • Lenders
      • Deposit money
      • Withdraw money & interests
    • Liquidators
      • Trigger liquidation
      • Offer higher auction bid
      • Get the collateral as auction winer
  • Risk
    • Platform
    • Oracle manipulation
    • Borrower
      • Collaterals liquidation
    • Lender
      • Bank run
    • Liquidator
      • Lost money after the ordinals auction finished
  • FAQ
    • How to implements pool lending without smart contract?
    • Are my assets safe?
    • How liquidation works?
    • What is 72 + 3 blocks ordinals auction?
    • What is potential first bid bonus?
    • What is Health Factor?
    • Interest rate
  • Community Discord
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  1. User guides
  2. Borrowers

Redeem when auction started

PreviousProof collateral ownershipNextLenders

Last updated 2 months ago

  1. To begin, press ‘Connect Wallet’ and select the Bitcoin wallet provider corresponding to the wallet holding the collateralized tokens

  2. If you're the ordinals owner,Navigate to the ‘Auctions’ and locate the ‘In Auctions‘’ section. Choose the asset you wish to repay.Click on "Redeem" to do so.ordinals owners can only end the auction within the 144 blocks by redeem, the additional 3 blocks do not provide liquidation protection for them.

  3. Enter the Redeem amount, confirm and click the 'Redeem' button