# Buy a Liquidated NFT

Access the "[Auction](https://userdoc.kairos.loan/faq/loan-to-value-and-interest)" tab.

<figure><img src="https://github.com/kairos-loan/monorepo/blob/main/packages/doc/.gitbook/assets/image%20(7).png" alt=""><figcaption></figcaption></figure>

All NFTs being liquidated are displayed. The liquidation in the first version uses a dutch auction mechanism. The starting price is 3 times the LTV of the bond and decreases over 3 days to 0.

You can buy the NFT at any time as long as someone else has not bought or claimed it.


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