> For the complete documentation index, see [llms.txt](https://docs.on.nexus/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.on.nexus/hodifi/core-system-specifications/loan-lifecycle.md).

# Loan Lifecycle

The Loan Lifecycle describes how a loan progresses over time across Bitcoin and an EVM chain. It complements the structural view above by focusing on the order of interactions.