Step 03 — Lending
Borrow against it.
A LendVault loan is a secured loan: you pledge a verified, vaulted asset, draw USDC against it, and clear the balance to get the pledge released. Here's the whole mechanism, start to finish.
Choose what to pledge
You select which vaulted assets to put up. Your borrowing capacity comes from their verified value, so you decide whether to pledge one card or several — and everything you don't pledge stays untouched.
Review before you commit
Before anything is signed you see the full picture: what's pledged, what you'd receive, what you'd owe, and what would have to happen for the position to come under pressure. Nothing is buried in a footnote.
Draw the loan in USDC
The loan funds in USDC from the lending pool. The pledged assets stay in Brinks custody the whole time — a lien is placed on them, which locks them from being sold, redeemed or pledged again while the loan is open.
Repay on your schedule
Repayments are made in USDC from the app. You can pay the balance down in parts whenever you want, or clear the whole thing at once — early repayment is never penalised. The dashboard always shows the exact amount required to close the loan today.
When the loan is paid off
The balance hits zero, the lien is released, and the pledged assets become fully yours to use again — immediately. From there you can leave them vaulted, pledge them against a new loan, list them in the market, or redeem the physical slabs and have them shipped back to you, insured and tracked. Same cards, same grades, same certs. That's the entire point of borrowing instead of selling.
If a loan isn't repaid
Nothing happens silently. A position under pressure is flagged in the app and you're notified, with time and options to act — repay part of the balance, or add another vaulted asset to strengthen the position.
FIRST — YOU GET WARNED
You see the position's health in the app at all times, and you're contacted before any action is taken against the collateral.
THEN — YOU CAN CURE IT
Paying down part of the balance or pledging an additional vaulted asset brings the loan back into good standing and stops the process.
LAST RESORT — COLLATERAL IS SOLD
If the loan still isn't cured, the pledged assets are sold to repay it. The card is already vaulted and verified, so the sale is orderly rather than a fire-sale scramble. Only what's owed is taken from the proceeds — any surplus goes back to you, and unpledged assets are never touched.
Borrowing against something you love carries real risk: if you don't repay, you can lose the cards you pledged. We'd rather say that plainly than dress it up.
Other mechanics worth knowing
You keep ownership
Pledging is not selling. The card remains your property throughout; the lien only restricts what you can do with it while the loan is open.
Collateral stays insured
Pledged cards sit in the same insured Brinks custody as everything else in your vault, for the whole life of the loan.
Values are monitored
Collateral is revalued as the market moves, so the health of your position reflects what your cards are actually worth — not what they were worth on day one.
Add or release collateral
You can strengthen a position by pledging more, and as the balance comes down, collateral beyond what's required can be released back to you.
Every loan is backed
There is no unsecured borrowing on LendVault. Every position on the book is collateralised by a graded, verified, vaulted asset.
One record, both sides
Borrowers and lenders see the same position data — pledged assets, balance, health — from their own side of the loan.
RATES, TERM LENGTHS AND BORROWING LIMITS ARE NOT PUBLISHED YET. THEY'LL BE POSTED IN FULL BEFORE EARLY ACCESS OPENS — WE'RE NOT GOING TO QUOTE NUMBERS WE HAVEN'T EARNED.