Opening a new shuttle

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

2. 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