steps.txt

Steps to earn money by closing expired or under-collateralized loans.

1. Clone the repository https://github.com/merlox/cdl-loans-expirer by executing this command:

  `git clone https://github.com/merlox/cdl-loans-expirer`
  
2. Install dependencies with `yarn install` or `npm install` note that you must have node.js installed https://nodejs.org/en/

3. Then create a file inside the project folder called `.secret` and paste your mnemonic phrase inside. 
This will be used to give you the rewards to your address.

4. To start earing loan defaulting fees, run the script check-expired-loans.mjs with the following command:

  `node check-expired-loans.mjs`
  
As long as the script is running you'll earn fees from closed loans since it checks for defaultable loans every 5 minutes.
Feel free to check the source code of `check-expired-loans.mjs` to understand what it's doing and maybe even improve it.