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This endpoint approves and records the collateral deposited by the borrower for a specific loan. It is typically called after the borrower transfers the required collateral assets, and the platform confirms the deposit amount. The approval is logged on-chain as part of the secured lending workflow. What it does:
  • Confirms that the borrower has deposited the required collateral
  • Updates the loan status to reflect collateral approval
  • Records the approval on-chain to maintain an immutable audit trail
When to use it:
  • After receiving and verifying the borrower’s collateral deposit
  • Prior to disbursing the loan amount
  • As part of collateral management and compliance procedures

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Request Body

The request body must include the loan identifier and the confirmed amount of collateral:
  • loanId: The unique identifier of the loan.
  • collateralAmount: The amount of collateral being approved.

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Response

  • Returns a confirmation of success along with the blockchain transaction hash: