Borrowing $USC
Last updated
Last updated
$USC is an overcollateralized . This means you need to deposit more in order to borrow it. For steps on how to borrow $USC, please click .
To get started:
Users will need to in order to borrow $USC.
A minimum debt of $USC 100 must be maintained in this shuttle in order for it to remain active.
Users deposit accepted in order to borrow (mint) $USC
The maximum allowable amount is determined by the (USD value of collateral / USD value of debt).
A borrowing fee and a liquidation reserve will also be added to the user’s debt position.
: a variable fee that is charged every time new $USC is minted
Liquidation reserve: a $USC 20 reserve is added to a user’s debt position, which is set aside as gas compensation for liquidators should the shuttle be liquidated. This deposit is “refundable” (i.e. burnt) if the shuttle does not get liquidated while active
A shuttle’s collateral ratio is continuously updated relative to the asset prices as reflected by our oracle, and is calculated as follows:
However, we recommend that you deposit at least USD180 worth of to borrow USC 100 of debt. This helps to keep your collateral ratio at a healthier level of 180%, which lowers your chances of getting liquidated or redeemed against.