> For the complete documentation index, see [llms.txt](https://docs.gage.cash/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.gage.cash/borrow/the-decision.md).

# The decision at expiry

This is the product's signature moment. On the Deal page, as expiry approaches, the borrower sees two cards side by side.

## Reclaim

|          |                               |
| -------- | ----------------------------- |
| You pay  | the cap, 1,824.00 USDG        |
| You hold | 12.5 NVDA · 2,310.50 USDG now |

Pay the cap from your wallet and the collateral is credited back to you. You then withdraw it with one button. Reclaiming needs the full cap in USDG in your wallet; a reclaim cannot be part-funded.

## Walk away

|              |                        |
| ------------ | ---------------------- |
| You keep     | 1,814.88 USDG          |
| Lender keeps | 12.5 NVDA, after grace |

Do nothing. Once the grace window ends, the lender may claim the collateral. You keep the USDG you received. Walking away is a legitimate outcome, not a default.

## The timeline

| Moment         | What it is                                 | Who can act                                                                 |
| -------------- | ------------------------------------------ | --------------------------------------------------------------------------- |
| **Funded**     | The clock starts. `expiry = funded + term` | Borrower may reclaim at any time                                            |
| **Expiry**     | The date and time on the deal              | Borrower may still reclaim                                                  |
| **Grace**      | A window after expiry, 48 hours on mainnet | Only the borrower. The lender waits                                         |
| **Grace ends** | `expiry + grace`                           | The lender may claim. The borrower may still reclaim until a claim executes |

The Deal page shows a countdown to expiry and then to the end of grace: `GRACE ENDS IN 22:14:08 · 9 Sep 16:40 UTC`.

{% hint style="danger" %}
If you miss the grace window, the lender keeps your collateral. Reminders arrive at 48, 24, 6 and 1 hours before expiry. Turn them on when you list.
{% endhint %}

## The lender's view of the same page

The lender sees the same numbers from the other side: `BORROWER DECIDES IN 22:14:08`, then `IF RECLAIMED 1,833.12 USDG · 9.12 return` and `IF WALKED 12.5 NVDA · 2,310.50 USDG now`. Claim is disabled until grace has ended. Rewards for the deal are theirs either way.

## After the decision

* **Reclaimed.** The collateral is in your balance. Withdraw it to your wallet. If the token is paused around a corporate action, the withdrawal waits until it resumes; the deal state does not.
* **Claimed.** The lender withdraws the collateral, as the token or swapped to USDG or ETH outside the contracts.
* Rewards keep dripping to the end of the term on both sides. See [The drip](/rewards/the-drip.md).


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