Borrow
Borrow USDC against BTC or ETH. No liquidation during your loan. You always pay less than the quoted rate.
Post BTC or ETH as collateral
See your quoted rate — this is the maximum you'd ever pay
Receive USDC. Your collateral is protected until maturity
Repay by the deadline. Get your collateral back + a rebate
You always pay less than quoted. When you repay, Stormbit returns unused protection value to you as a rebate. The earlier you repay, the bigger the rebate. Even on-time repayment gets one. Your effective rate is always lower than what you see at origination.
What drives your rate:
LTV
Post more collateral → lower rate
Duration
Shorter loan → lower rate
Market conditions
Calmer market → lower rate
Example: $80,000 loan, 2 BTC, 7 days → quoted 14% APR. Repay on time → effective rate drops to ~11%. Repay early → drops further.
Repay — Pay principal + interest before the deadline. Get collateral back + rebate.
Default — Miss the deadline and your collateral is sold via Dutch auction in Deals. Set a calendar reminder.
WBTC
65-75%
7-14 days
WETH
60-65%
7-14 days
Last updated