Add $K and Borrow USDC

This page describes the process of using $K as collateral to borrow USDC.

Navigate to the Kinto Token asset page and scroll down to the Lending Market section. Once there, you will be able to see the current USDC supply, the total USDC borrowed and the borrow rate as well as the supply rate APY. Next to this you will find the widget to obtain USDC against your $K. Click 'Add & Borrow' to provide $K to borrow USDC.

Input the relevant information into the box - in the example below you can see the user is supplying 1 $K and borrowing 1 USDC for illustration. The minimum is $10 worth. Once you are happy with the input amounts, click 'Add & Borrow' at the bottom.

You will then need to sign two txs to process. Click 'Confirm Transaction' and sign with your passkey.

When the first tx is complete you will see the below, click 'continue' to progress to the second tx.

You will then be prompted to sign the second tx. Please click 'Add & Borrow with Passkey' and sign with your passkey.

Be patient while the tx processes.

Once it's complete you will see the below screen and recieve the USDC in your Kinto wallet.