# No Liquidations

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

1. Payback your loan to receive your collateral back&#x20;
2. Do not payback your loan, keep the lent token and [default](https://docs.vendor.finance/overview/vendor-finance-v1/definitions) 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.**&#x20;