Borrow
Borrow USDC against BTC or ETH. No liquidation during your loan term. Cost known upfront.
Select a market and post BTC or ETH as collateral
Enter borrow amount — LTV and insurance are calculated automatically
Review total cost: interest + insurance premium, both known before confirming
Receive USDC. Collateral is locked and insured until maturity
Repay by the deadline to get collateral back
Total cost = interest + insurance premium. Insurance depends on:
LTV
More collateral → lower LTV → cheaper insurance
Duration
Shorter term → cheaper
Volatility
Lower market vol → cheaper
Example: $80,000 loan, 2 BTC, 60 days, 5% APY — Interest: $657, Insurance: $600, Total: $1,257.
Protection level — The price floor where insurance activates: Loan Amount / Collateral Units. $80K loan with 2 BTC → $40,000/BTC. Below this, every dollar lost on collateral is recovered by insurance.
Insurance actions — Sell (close early, receive current value) or Swap (change protection level or term).
Repay — Pay principal + interest before the deadline. Get collateral back. If insurance is in the money, you receive the payoff.
Default — Collateral is forfeited and listed in Deals (Dutch auction). Set a calendar reminder.
WBTC
65-75%
7-14 days
WETH
60-65%
7-14 days
Last updated