# default

URL: https://blockspace.wiki/glossary/default/

In the planned blockspace.loans design, a loan not repaid by its deadline. A default is settled in the asset itself: the lender may move the locked [collateral](https://blockspace.wiki/glossary/collateral/) to themselves with a transaction the borrower signed in advance, whatever the asset is worth at the deadline. There is no liquidation and no price oracle. Planned as of 2026-10-21: nothing is an offer of credit.

Sources:

- blockspace.loans: borrow bitcoin against your blockspace (planned) · https://blockspace.loans/
- blockspace.loans: what counts as collateral (planned) · https://blockspace.loans/collateral/
- blockspace.loans: questions and answers (planned) · https://blockspace.loans/faq/

Updated: 2026-10-21