Opening a new shuttle
Last updated
Last updated
If you don’t already have a shuttle, you will have to open one in order to borrow $USC. Here is a simple guide to help you understand the process.
Head to the Borrow page
Input the amount of collateral you want to deposit from your wallet
Input the amount of $USC you want to borrow
Once ready, click on “Borrow $USC”
The total debt owed is broken down into 3 segments:
$USC received in wallet: the amount that is sent to your wallet
Borrowing fee: a variable fee incurred every time you mint new $USC
Liquidation Reserve: a 20 $USC deposit that is reserved in event of liquidations only