HOW TO BORROW
Borrow xUSDC against your supplied collateral. Your borrowing limit is determined by your collateral value and LTV ratio.
Before You Borrow
You must supply collateral first. Only xUSDC can be borrowed. Your maximum borrow amount is calculated as:
collateral_value × LTV.STEPS
1
SUPPLY COLLATERAL FIRST
If you haven't already, supply xclrBTC or xEURC as collateral. This unlocks your borrowing capacity.
2
CHECK AVAILABLE BORROWS
On the Dashboard under Assets to Borrow, you will see Available — the maximum USD value you can currently borrow.
3
CLICK BORROW
Click the BORROW button next to xUSDC.
4
ENTER AMOUNT
Enter the amount you want to borrow. The modal shows your available capacity and current Borrow APY. Press MAX to borrow up to your limit (use with caution — this puts you close to liquidation).
5
CONFIRM TRANSACTION
Borrow is a single transaction — one wallet confirmation in MetaMask. xUSDC will be sent to your wallet immediately.
⚠ Keep your Health Factor above 1.5 to avoid liquidation risk. Borrowing close to your maximum LTV leaves little room if your collateral price drops. A Health Factor of 2.0+ is recommended for safety.
LTV BY COLLATERAL
| Collateral | Max LTV | Example: $1,000 collateral → max borrow |
|---|---|---|
| xclrBTC | 70% | $700 xUSDC |
| xEURC | 80% | $800 xUSDC |
| xUSDC | 80% | $800 xUSDC |
BORROW APY
The borrow rate is variable and changes with pool utilization. When more people borrow relative to supply, the rate increases. Your accrued debt grows every block — check the dashboard regularly to monitor your Health Factor.
| Utilization | Borrow APY | Supply APY |
|---|---|---|
| 0% | 5.0% | 0.0% |
| 40% | 7.0% | 2.8% |
| 80% (kink) | 9.0% | 7.2% |
| 90% | 81.5% | 73.4% |
| 100% | 154% | 154% |