Skip to content
Mezo Documentation

How To Claim Your Collateral After a Full Redemption

When another user redeems MUSD against your loan (Trove) and it is fully paid off, your debt is cleared — but any remaining collateral stays in the MUSD smart contracts until you claim it. Your collateral is safe and can be reclaimed at any time.

Normally, you will see a “Loan redeemed” alert on the Borrow page that lets you claim your collateral directly from the interface. You can do this by clicking the the button on the right of the alert, as can be seen in the screenshot below.

Loan redeemed alert on the Borrow page

If you do not see this alert, you can claim your collateral manually by calling the claimCollateral function on the BorrowerOperations contract through the Mezo Explorer. Follow the steps below.

  1. Navigate to the BorrowerOperations Contract

    Go to the BorrowerOperations contract on the Mezo Explorer.

  2. Click the “Contract” Tab

    In the tab bar alongside Transactions, Token transfers and Tokens, click Contract.

    This will reveal four sub-tabs: Code, Read proxy, Write contract, and Write proxy.

  3. Click “Write proxy”

    Click the Write proxy tab. This is the tab that exposes all the write functions of the underlying BorrowerOperations implementation contract.

  4. Connect Your Wallet

    You will see a yellow/orange banner at the top of the contract functions area that says “Disconnected” with a Connect wallet button.

    Click Connect wallet and approve the connection in your wallet (e.g. MetaMask). Make sure you connect with the same wallet address that held the redeemed Trove, as only that address can claim its collateral.

  5. Find the claimCollateral Function

    Scroll down through the list of contract functions until you reach:

    7. claimCollateral

    Click on it to expand the function. It requires no input parameters — it simply claims all collateral that was set aside for your address after the full redemption.

  6. Click “Write”

    With your wallet connected, click the Write button beneath the claimCollateral function.

    Your wallet will prompt you to confirm the transaction. Review the gas fee and confirm. Once the transaction is complete, your collateral (BTC) will be sent directly to your wallet.