Borrowing

Access liquidity without liquidation risk.

Borrowers can access USDC liquidity by depositing supported tokens as collateral.

Each loan is issued with predefined parameters including collateral requirements, loan duration, and the fixed buyback price used to reclaim collateral during the loan term.

Once a loan is created, borrowers receive USDC and retain the ability to buy back their collateral at any time before the loan expires.

Because the buyback price is fixed when the loan begins, borrowers always know the exact cost required to reclaim their collateral.

---

Borrower Flexibility

Borrowers may manage their loan in several ways:

• buy back their full collateral position • buy back only a portion of their collateral • allow the loan to expire and forfeit the remaining collateral

Collateral buybacks can occur at any time before the loan reaches its expiration.

There are no liquidations, no margin calls, and no forced selling of collateral.

---

Why Borrowers Use Based Loans

• Access immediate USDC liquidity • Avoid liquidation risk during market volatility • Maintain the option to reclaim collateral before expiration • Know the exact buyback price of collateral from the start

This model gives borrowers clear control over their loan while removing the uncertainty commonly found in liquidation-based lending systems.