Orby Network
  • Introduction
    • What is Orby?
    • What is $USC?
  • Overview
    • $USC Borrowing & Repayment
      • Borrowing $USC
      • Repaying $USC
    • Supported Collateral
      • Collateral Risk Parameters
    • Liquidations & the Stability Pool
      • Liquidations
      • Stability Pool
    • $USC's peg stability & Redemptions
      • Base Rate
      • Redemption Mechanism
    • Tokenomics
      • $ORB
      • $esORB
      • The Vault
    • Recovery Mode
      • Liquidations in Normal Mode
      • Liquidations in Recovery Mode
    • Security & Audits
    • Orby Ecosystem & Partnerships
    • Airdrop Campaign
      • Airdrop Seasons
        • Season 1
        • Season 2
      • How to claim airdrop rewards?
      • Airdrop Terms and Conditions
  • User Guide
    • How to connect to Orby Network
    • How to borrow $USC
      • Opening a new shuttle
      • Borrowing more $USC
    • How to repay $USC
      • Repaying debt partially
      • Repaying debt fully
    • How to add collateral
    • How to withdraw collateral
    • How to use the Stability Pool
      • Depositing $USC
      • Withdrawing $USC
      • Claiming Stability Pool rewards
    • How to use the Redemption feature
      • Getting the Best Exchange Rate
    • How to recover collateral after liquidation
    • How to recover collateral after redemption
    • How to obtain collateral
    • How to stake $esORB/$ORB
    • Understanding Liquidations vs Redemptions vs Repayment
    • How to track points
    • Glossary of Terms
  • Additional Info
    • Smart Contract Addresses
    • Price Oracle
    • Team Wallets
    • Risk Disclosure
    • Terms of Use
    • Brand Guidelines
    • Bridging
    • Bug Bounty
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  1. User Guide
  2. How to borrow $USC

Opening a new shuttle

PreviousHow to borrow $USCNextBorrowing more $USC

Last updated 12 days ago

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.

  1. Head to the Borrow page

  1. Input the amount of collateral you want to deposit from your wallet

  1. Input the amount of $USC you want to borrow

Note: The maximum amount you can borrow up is capped by the minimum collateral ratio

Collateral ratio = collateral (in USD) / debt (in USD)

  1. Once ready, click on “Borrow $USC”

Note: Remember to check the details in the “Position Summary” carefully before signing the transaction in your wallet.

The total debt owed is broken down into 3 segments:

  1. $USC received in wallet: the amount that is sent to your wallet

  2. Borrowing fee: a variable fee incurred every time you mint new $USC

  3. Liquidation Reserve: a 20 $USC deposit that is reserved in event of liquidations only