Lock test BTC on Bitcoin signet, register it on Stellar and borrow test USDC, step by step in the Writz app.
A loan has two parts. First you lock BTC in a Bitcoin address that only you and Writz together can spend from, and register that deposit on Stellar. Then you borrow USDC against it, as much or as little as you want up to the limit.You need: a Stellar wallet with test XLM (or a Google, GitHub or email sign-in), Xverse on signet and at least 0.00005 BTC of test BTC plus a few hundred sats for the fee.Time: a few minutes of clicks, plus the wait for Bitcoin to confirm your deposit. You can close the page while it confirms and come back later.
Open testnet.writz.xyz and select Borrow in the menu, or Start on the home page. The app walks you through six steps, shown at the top as Step 1 of 6 to Step 6 of 6.
1
Amount
Under How much BTC do you want to lock?, enter the amount. The minimum on testnet is 0.00005 BTC. The app shows You can borrow up to, the price at which the loan would be liquidated if you borrowed the full amount, and the oracle BTC price. Select Continue.
Step 1. With 0.0001 BTC you can borrow a few USDC at the current test price.
2
Stellar wallet
Select Connect Stellar wallet and approve in your wallet. If the account has no XLM, the app shows Not funded: select Fund with Friendbot, then Check again.
Step 2. Connect the wallet that receives your USDC.
3
Bitcoin wallet
Select Connect Xverse and approve in Xverse. The app then checks your signet balance.
Wrong network: Xverse is not on signet. Switch it to Signet and select Connect Xverse again.
Not enough BTC: the balance is below your amount. Use one of the faucet links shown, wait for the coins, then select Check balance again.
Step 3 when the balance is too low. The faucet links are right there.
4
Review and send
The app shows everything about the lock before any BTC moves:
You lock: the amount, plus the Bitcoin network fee.
To your lock address: the Bitcoin address built from your Xverse key and Writz’s key. What is this? explains it.
Release: Writz co-signs the release when your loan is repaid.
Your way out: the block height (and rough date) after which your key alone can move the BTC, even if Writz is gone.
Read the line Writz cannot recover your Bitcoin key. Keep its recovery phrase., tick I understand my BTC stays locked until I repay and release it, or until block …, then drag Slide to send all the way to the right. Xverse opens and asks you to send the amount plus the fee: confirm it there.
Step 4. Check the amount, the lock address and your way out, then slide to send. Example amounts and address.
5
Wait for Bitcoin
The app counts the confirmations it needs, with an estimate of the time left and a View on mempool link to watch your transaction.You can close the page. Your progress is saved in this browser for this Stellar wallet, and the home page shows the deposit when you come back.
Step 5. Bitcoin signet blocks arrive about every 10 minutes.
6
Register on Stellar
When the deposit has the confirmations it needs, the app shows One signature left. Select Register on Stellar, then:
Confirm in Xverse. It signs a free message that proves the Bitcoin key is yours. No BTC moves and there is no fee.
Confirm in your Stellar wallet. One transaction, with a fee of about 0.01 XLM.
Writz verifies your Bitcoin transaction on Stellar itself, with a Bitcoin light client contract, before it records the deposit.
Step 6. A free message in Xverse, then one Stellar transaction.
When it finishes, the app shows your BTC as locked and Your loan is ready. Select Borrow now to open the loan.
If your Stellar account can’t hold USDC yet, the loan page shows Add USDC to your Stellar wallet so it can receive what you borrow. Select Add USDC and confirm in your wallet. Your wallet sets aside 0.5 XLM for it. You only do this once per account.
Only shown if USDC is not added to your account yet.
2
Choose an amount
On the Borrow more tab, enter how much USDC to borrow, or use 25%, 50% or Max safe. The app shows the collateral ratio the loan would have and the BTC price at which it could be liquidated.
3
Borrow
Select Borrow and confirm in your wallet. The USDC arrives in your Stellar wallet within seconds.
An open loan. The meter shows the collateral ratio; the tabs borrow more, repay and release. Example amounts.
The collateral ratio is the value of your locked BTC divided by what you owe. The loan page shows it with a meter:
Ratio
Label
What it means
150% and above
Healthy
You can borrow more, as long as the ratio stays at 150% or above.
130% to 150%
Below borrow limit
You can’t borrow more. Repay some to get back above 150%.
120% to 130%
Close to liquidation
Repay now, or the next price drop can make the loan liquidatable.
Below 120%
Can be liquidated now
Anyone running a liquidator can repay your debt and close the loan.
The ratio moves with the BTC price. Borrowing less than the maximum gives you room if the price drops. The page also states the BTC price at which your loan would become liquidatable.If a loan is liquidated, you keep the USDC you borrowed and owe nothing more on it. Writz does not take or sell your BTC: it stays in the lock address until the block height under Your way out, after which your key alone can reclaim it.
Loans are recorded on Stellar, so they load on any device where you connect the same Stellar wallet. A deposit that is still confirming is saved only in the browser where you made it, so finish steps 5 and 6 in that same browser.
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Connect the wallet that receives your USDC.`,children:_jsx(OptimizedImage,{src:`https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-2-connect-stellar.png?fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=bafef0cd4a387b0a6f106cd66b010d04`,alt:`Step 2 of 6 with the Connect Stellar wallet button`,\"data-og-width\":`1400`,width:`1400`,\"data-og-height\":`1040`,height:`1040`,\"data-path\":`images/guides/borrow-2-connect-stellar.png`,\"data-optimize\":`true`,\"data-opv\":`3`,srcset:`https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-2-connect-stellar.png?w=280\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=13b5912ed43d48729eff37ccb207a145 280w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-2-connect-stellar.png?w=560\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=505a4a19a290d15ad8441f5e9775e536 560w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-2-connect-stellar.png?w=840\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=ff4b47c79b0e603a1a24e1ebefd87c78 840w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-2-connect-stellar.png?w=1100\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=f2b046d5145aef05cadcf4fea38f623b 1100w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-2-connect-stellar.png?w=1650\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=61e6137fe59ee0bfaa42e20895896fd1 1650w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-2-connect-stellar.png?w=2500\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=8fea0c95780040c5dbdbfe4f06b33ed9 2500w`})})]}),_jsxs(Step,{title:`Bitcoin wallet`,children:[_jsxs(_components.p,{children:[`Select `,_jsx(_components.strong,{children:`Connect Xverse`}),` and approve in Xverse. The app then checks your signet balance.`]}),_jsxs(_components.ul,{children:[`\n`,_jsxs(_components.li,{children:[_jsx(_components.strong,{children:`Wrong network`}),`: Xverse is not on signet. `,_jsx(_components.a,{href:`/guides/set-up-xverse#2-switch-to-signet`,children:`Switch it to Signet`}),` and select `,_jsx(_components.strong,{children:`Connect Xverse`}),` again.`]}),`\n`,_jsxs(_components.li,{children:[_jsx(_components.strong,{children:`Not enough BTC`}),`: the balance is below your amount. Use one of the faucet links shown, wait for the coins, then select `,_jsx(_components.strong,{children:`Check balance again`}),`.`]}),`\n`]}),_jsx(Frame,{caption:`Step 3 when the balance is too low. The faucet links are right there.`,children:_jsx(OptimizedImage,{src:`https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-3-not-enough-btc.png?fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=63477f8436f1867b3bf6c1719c391b86`,alt:`Step 3 of 6 showing Not enough BTC, two faucet links and Check balance again`,\"data-og-width\":`1400`,width:`1400`,\"data-og-height\":`1222`,height:`1222`,\"data-path\":`images/guides/borrow-3-not-enough-btc.png`,\"data-optimize\":`true`,\"data-opv\":`3`,srcset:`https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-3-not-enough-btc.png?w=280\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=2a5b34435311867499be45ba4974b14c 280w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-3-not-enough-btc.png?w=560\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=73985d311882fe2e559345917a39f982 560w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-3-not-enough-btc.png?w=840\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=5c58d06eb537c7419f83b5e9ebc4d1e3 840w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-3-not-enough-btc.png?w=1100\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=96851a6ee354b8ebf973c754920b93c9 1100w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-3-not-enough-btc.png?w=1650\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=6e3744a055b9a7fabc8bff8c9314e053 1650w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-3-not-enough-btc.png?w=2500\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=95430e4049741c41da6812650db113aa 2500w`})})]}),_jsxs(Step,{title:`Review and send`,children:[_jsx(_components.p,{children:`The app shows everything about the lock before any BTC moves:`}),_jsxs(_components.ul,{children:[`\n`,_jsxs(_components.li,{children:[_jsx(_components.strong,{children:`You lock`}),`: the amount, plus the Bitcoin network fee.`]}),`\n`,_jsxs(_components.li,{children:[_jsx(_components.strong,{children:`To your lock address`}),`: the Bitcoin address built from your Xverse key and Writz’s key. `,_jsx(_components.strong,{children:`What is this?`}),` explains it.`]}),`\n`,_jsxs(_components.li,{children:[_jsx(_components.strong,{children:`Release`}),`: Writz co-signs the release when your loan is repaid.`]}),`\n`,_jsxs(_components.li,{children:[_jsx(_components.strong,{children:`Your way out`}),`: the block height (and rough date) after which your key alone can move the BTC, even if Writz is gone.`]}),`\n`]}),_jsxs(_components.p,{children:[`Read the line `,_jsx(_components.strong,{children:`Writz cannot recover your Bitcoin key. Keep its recovery phrase.`}),`, tick `,_jsx(_components.strong,{children:`I understand my BTC stays locked until I repay and release it, or until block …`}),`, then drag `,_jsx(_components.strong,{children:`Slide to send`}),` all the way to the right. Xverse opens and asks you to send the amount plus the fee: confirm it there.`]}),_jsx(Frame,{caption:`Step 4. Check the amount, the lock address and your way out, then slide to send. Example amounts and address.`,children:_jsx(OptimizedImage,{src:`https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-4-review.png?fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=c273f5030a3e448abcb631170c1c466c`,alt:`Step 4 of 6, Check everything then send, with the lock details and the Slide to send control`,\"data-og-width\":`1400`,width:`1400`,\"data-og-height\":`1908`,height:`1908`,\"data-path\":`images/guides/borrow-4-review.png`,\"data-optimize\":`true`,\"data-opv\":`3`,srcset:`https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-4-review.png?w=280\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=4ea9396e1f10ea3a10390643fb6cc2cf 280w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-4-review.png?w=560\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=c48efb982b5d6ebe609f35c8e5bd90e7 560w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-4-review.png?w=840\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=f6054263a8f4584293630377db32c96d 840w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-4-review.png?w=1100\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=20f5874f2fba73d500a29fa83729d08e 1100w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-4-review.png?w=1650\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=c9e808724579894e2da01b65f8539a85 1650w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-4-review.png?w=2500\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=7492677b598bb06a02b3b51aa7a27f6d 2500w`})})]}),_jsxs(Step,{title:`Wait for Bitcoin`,children:[_jsxs(_components.p,{children:[`The app counts the confirmations it needs, with an estimate of the time left and a `,_jsx(_components.strong,{children:`View on mempool`}),` link to watch your transaction.`]}),_jsx(_components.p,{children:`You can close the page. Your progress is saved in this browser for this Stellar wallet, and the home page shows the deposit when you come back.`}),_jsx(Frame,{caption:`Step 5. Bitcoin signet blocks arrive about every 10 minutes.`,children:_jsx(OptimizedImage,{src:`https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-5-waiting.png?fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=a8227181305305a976619fb1a200bef5`,alt:`Step 5 of 6, Bitcoin is confirming your deposit, with the confirmation counter`,\"data-og-width\":`1400`,width:`1400`,\"data-og-height\":`1100`,height:`1100`,\"data-path\":`images/guides/borrow-5-waiting.png`,\"data-optimize\":`true`,\"data-opv\":`3`,srcset:`https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-5-waiting.png?w=280\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=a51a06bee1e7e767ddbca44f3780bf76 280w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-5-waiting.png?w=560\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=e39e087ce0791338b1affd286a879007 560w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-5-waiting.png?w=840\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=4660b59d7209a277a3ceaa136253ab2c 840w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-5-waiting.png?w=1100\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=734233c59fbd356e58fe5a47727bb795 1100w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-5-waiting.png?w=1650\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=21c9e16590aa3808533fdca35b65fdaf 1650w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-5-waiting.png?w=2500\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=2528362d19db16016464b257c20debd5 2500w`})})]}),_jsxs(Step,{title:`Register on Stellar`,children:[_jsxs(_components.p,{children:[`When the deposit has the confirmations it needs, the app shows `,_jsx(_components.strong,{children:`One signature left`}),`. Select `,_jsx(_components.strong,{children:`Register on Stellar`}),`, then:`]}),_jsxs(_components.ol,{children:[`\n`,_jsxs(_components.li,{children:[_jsx(_components.strong,{children:`Confirm in Xverse.`}),` It signs a free message that proves the Bitcoin key is yours. No BTC moves and there is no fee.`]}),`\n`,_jsxs(_components.li,{children:[_jsx(_components.strong,{children:`Confirm in your Stellar wallet.`}),` One transaction, with a fee of about 0.01 XLM.`]}),`\n`]}),_jsx(_components.p,{children:`Writz verifies your Bitcoin transaction on Stellar itself, with a Bitcoin light client contract, before it records the deposit.`}),_jsx(Frame,{caption:`Step 6. A free message in Xverse, then one Stellar transaction.`,children:_jsx(OptimizedImage,{src:`https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-6-registering.png?fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=cd19306ebcf69e4652aca3724b91a83b`,alt:`Step 6 of 6, Registering your deposit on Stellar, with the Xverse and Stellar signature steps`,\"data-og-width\":`1400`,width:`1400`,\"data-og-height\":`1067`,height:`1067`,\"data-path\":`images/guides/borrow-6-registering.png`,\"data-optimize\":`true`,\"data-opv\":`3`,srcset:`https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-6-registering.png?w=280\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=af609603fbd8dcae437efa2992806186 280w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-6-registering.png?w=560\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=30a5c2477aa69aecaf1b65f9d392f4d0 560w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-6-registering.png?w=840\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=f7dfbb857315e30232a74093127bd1e8 840w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-6-registering.png?w=1100\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=12ee906e8a51ec1096113d6d67d7c3aa 1100w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-6-registering.png?w=1650\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=0a04b53ac6f7bb0eabc565350276ddfb 1650w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-6-registering.png?w=2500\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=edaa85b7cf8a57b0bb43a525415b702d 2500w`})})]})]}),`\n`,_jsxs(_components.p,{children:[`When it finishes, the app shows your BTC as locked and `,_jsx(_components.strong,{children:`Your loan is ready`}),`. Select `,_jsx(_components.strong,{children:`Borrow now`}),` to open the loan.`]}),`\n`,_jsx(Frame,{caption:`The deposit is registered. Example amounts.`,children:_jsx(OptimizedImage,{src:`https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-done.png?fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=b80375ff7c9c4d0060b3fa9b4d4931f7`,alt:`BTC locked, Your loan is ready, with Borrow now and Make another deposit buttons`,\"data-og-width\":`1400`,width:`1400`,\"data-og-height\":`674`,height:`674`,\"data-path\":`images/guides/borrow-done.png`,\"data-optimize\":`true`,\"data-opv\":`3`,srcset:`https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-done.png?w=280\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=ca6c5cd782987d5535de3ebd97cd9e2b 280w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-done.png?w=560\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=ea42817d1f89c031c0068bb348a5bbb6 560w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-done.png?w=840\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=3860221da10ce6966736d05d44a79491 840w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-done.png?w=1100\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=66b0b20802f0b34b34d3a34f77876595 1100w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-done.png?w=1650\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=7777cb5e5a10bfca1eced2dd4a44b398 1650w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/borrow-done.png?w=2500\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=27f393c4a2f373469988d530438a77df 2500w`})}),`\n`,_jsx(Heading,{level:`2`,id:`part-2-borrow-usdc`,children:`Part 2: Borrow USDC`}),`\n`,_jsxs(Steps,{children:[_jsxs(Step,{title:`Add USDC, once`,children:[_jsxs(_components.p,{children:[`If your Stellar account can’t hold USDC yet, the loan page shows `,_jsx(_components.strong,{children:`Add USDC to your Stellar wallet so it can receive what you borrow.`}),` Select `,_jsx(_components.strong,{children:`Add USDC`}),` and confirm in your wallet. Your wallet sets aside 0.5 XLM for it. You only do this once per account.`]}),_jsx(Frame,{caption:`Only shown if USDC is not added to your account yet.`,children:_jsx(OptimizedImage,{src:`https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/loan-add-usdc.png?fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=d0af824d917c7cf7394ca5052c6e9fe0`,alt:`Loan page with the Add USDC step above the Borrow form`,\"data-og-width\":`1400`,width:`1400`,\"data-og-height\":`1869`,height:`1869`,\"data-path\":`images/guides/loan-add-usdc.png`,\"data-optimize\":`true`,\"data-opv\":`3`,srcset:`https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/loan-add-usdc.png?w=280\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=15e98172df16e76abce2b7a1cf0495cf 280w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/loan-add-usdc.png?w=560\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=d7e51fb9d1ef3459ac5865a58bc0f988 560w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/loan-add-usdc.png?w=840\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=6d164f4fc52b9c9ff389f5f35f3e40fc 840w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/loan-add-usdc.png?w=1100\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=5f20f72257b62ab5eff5f5b53344f8ab 1100w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/loan-add-usdc.png?w=1650\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=543260e75ccb7c52fb014395c7577bac 1650w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/loan-add-usdc.png?w=2500\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=131393a2021cd6aae09c04d4a76823a5 2500w`})})]}),_jsx(Step,{title:`Choose an amount`,children:_jsxs(_components.p,{children:[`On the `,_jsx(_components.strong,{children:`Borrow more`}),` tab, enter how much USDC to borrow, or use `,_jsx(_components.strong,{children:`25%`}),`, `,_jsx(_components.strong,{children:`50%`}),` or `,_jsx(_components.strong,{children:`Max safe`}),`. The app shows the collateral ratio the loan would have and the BTC price at which it could be liquidated.`]})}),_jsx(Step,{title:`Borrow`,children:_jsxs(_components.p,{children:[`Select `,_jsx(_components.strong,{children:`Borrow`}),` and confirm in your wallet. The USDC arrives in your Stellar wallet within seconds.`]})})]}),`\n`,_jsx(Frame,{caption:`An open loan. The meter shows the collateral ratio; the tabs borrow more, repay and release. Example amounts.`,children:_jsx(OptimizedImage,{src:`https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/loan-healthy.png?fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=e8c388841d62397a89b4504dbac6607b`,alt:`Loan page with a 200% collateral ratio marked Healthy, collateral, debt and available to borrow`,\"data-og-width\":`1400`,width:`1400`,\"data-og-height\":`1650`,height:`1650`,\"data-path\":`images/guides/loan-healthy.png`,\"data-optimize\":`true`,\"data-opv\":`3`,srcset:`https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/loan-healthy.png?w=280\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=44fd907984763cb311d88d757a3b3a5a 280w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/loan-healthy.png?w=560\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=35299701726adec805a50ae0d510940d 560w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/loan-healthy.png?w=840\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=fc814914422690428fc07afe1f17a021 840w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/loan-healthy.png?w=1100\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=7d6042d5dfa3cb7aa4c6716bb9923976 1100w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/loan-healthy.png?w=1650\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=c065d08c80a84650022abceb0d95ab95 1650w, https://mintcdn.com/writz-protocol/AtDBkTL5W_JkQblu/images/guides/loan-healthy.png?w=2500\u0026fit=max\u0026auto=format\u0026n=AtDBkTL5W_JkQblu\u0026q=85\u0026s=21e8e9b8fd5a069041f320494c2f4cff 2500w`})}),`\n`,_jsx(Heading,{level:`2`,id:`keep-the-loan-healthy`,children:`Keep the loan healthy`}),`\n`,_jsxs(_components.p,{children:[`The `,_jsx(_components.strong,{children:`collateral ratio`}),` is the value of your locked BTC divided by what you owe. The loan page shows it with a meter:`]}),`\n`,_jsxs(Table,{children:[_jsx(_components.thead,{children:_jsxs(_components.tr,{children:[_jsx(_components.th,{children:`Ratio`}),_jsx(_components.th,{children:`Label`}),_jsx(_components.th,{children:`What it means`})]})}),_jsxs(_components.tbody,{children:[_jsxs(_components.tr,{children:[_jsx(_components.td,{children:`150% and above`}),_jsx(_components.td,{children:_jsx(_components.strong,{children:`Healthy`})}),_jsx(_components.td,{children:`You can borrow more, as long as the ratio stays at 150% or above.`})]}),_jsxs(_components.tr,{children:[_jsx(_components.td,{\"data-numeric\":`true`,children:`130% to 150%`}),_jsx(_components.td,{children:_jsx(_components.strong,{children:`Below borrow limit`})}),_jsx(_components.td,{children:`You can’t borrow more. Repay some to get back above 150%.`})]}),_jsxs(_components.tr,{children:[_jsx(_components.td,{\"data-numeric\":`true`,children:`120% to 130%`}),_jsx(_components.td,{children:_jsx(_components.strong,{children:`Close to liquidation`})}),_jsx(_components.td,{children:`Repay now, or the next price drop can make the loan liquidatable.`})]}),_jsxs(_components.tr,{children:[_jsx(_components.td,{children:`Below 120%`}),_jsx(_components.td,{children:_jsx(_components.strong,{children:`Can be liquidated now`})}),_jsx(_components.td,{children:`Anyone running a liquidator can repay your debt and close the loan.`})]})]})]}),`\n`,_jsx(_components.p,{children:`The ratio moves with the BTC price. Borrowing less than the maximum gives you room if the price drops. The page also states the BTC price at which your loan would become liquidatable.`}),`\n`,_jsxs(_components.p,{children:[`If a loan is liquidated, you keep the USDC you borrowed and owe nothing more on it. Writz does not take or sell your BTC: it stays in the lock address until the block height under `,_jsx(_components.strong,{children:`Your way out`}),`, after which your key alone can `,_jsx(_components.a,{href:`https://testnet.writz.xyz/help/reclaim`,children:`reclaim it`}),`.`]}),`\n`,_jsx(Heading,{level:`2`,id:`your-loans-on-other-devices`,children:`Your loans on other devices`}),`\n`,_jsx(_components.p,{children:`Loans are recorded on Stellar, so they load on any device where you connect the same Stellar wallet. A deposit that is still confirming is saved only in the browser where you made it, so finish steps 5 and 6 in that same browser.`}),`\n`,_jsx(Heading,{level:`2`,id:`what’s-next`,children:`What’s next`}),`\n`,_jsxs(_components.p,{children:[_jsx(_components.a,{href:`/guides/repay-and-release`,children:`Repay and release your BTC`}),`.`]}),`\n`,_jsx(_components.p,{children:_jsx(_components.em,{children:`Last checked against the app on 2026-10-25.`})})]})}function MDXContent(props={}){const{wrapper:MDXLayout}={..._provideComponents(),...props.components};return MDXLayout?_jsx(MDXLayout,{...props,children:_jsx(_createMdxContent,{...props})}):_createMdxContent(props)}return{default:MDXContent};function _missingMdxReference(id,component){throw new Error(`Expected `+(component?`component`:`object`)+\" `\"+id+\"` to be defined: you likely forgot to import, pass, or provide it.\")}","frontmatter":{},"scope":{"config":{},"pageMetadata":{"title":"Borrow USDC against BTC","description":"Lock test 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