Borrow

Once your wallet is connected, you can click on “Supply & Borrow” to initiate a Borrow request.

Specify your desired amount of BTC to be used as collateral. You can see how much USDC you can borrow as well as based on the following metrics:

• Borrow Rate: The borrow interest rate, calculated using a 6-hour average to reflect real market conditions more accurately.

• Loan-to-Value (LTV): LTV shows your current borrowing ratio between the value of your collateral and the borrowed amount.

• Margin Call LTV: The LTV threshold at which margin call process starts. In this process, borrowers are given a grace period of 8 hours to lower the position LTV (by repaying part of their debts). Once the grace period expires, the position will be liquidated if LTV remains higher than the threshold.

• Liquidation LTV: Liquidation LTV is the threshold level at which your loan is unsafe and thus liquidation will occur.

• Health Factor: Health factor shows how safe your borrow position is. It is a dynamic safety score calculated from your LTV. A health factor above 1.0 is considered safe, below 1.0 means your position is at risk of liquidation.

  

  Based on the metrics, you can adjust your risk appetite and specify your desired USDC amount to borrow.

Once confirmed, include your EVM address under the “Receiving Address” proceed by clicking on the Review button, which will bring you to a summary of your Borrow.