> For the complete documentation index, see [llms.txt](https://docs.vendor.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.vendor.finance/overview/vendor-finance-v1/benefits/no-liquidations.md).

# No Liquidations

#### There are **no liquidations** for borrowers. A borrower has two options:

1. Payback your loan to receive your collateral back 
2. Do not payback your loan, keep the lent token and [default](/overview/vendor-finance-v1/definitions.md) on your collateral

**Since there are no liquidations with VENDOR, the protocol’s native token suffers less of an impact in a down trending market. In return protecting the protocols token holders as a whole.**