Lendasat DocsBorrowingBorrower Tutorials
Borrow Stablecoins
Step-by-step guide to borrowing stablecoins against your Bitcoin on Lendasat.
Borrowing Stablecoins
Find a Loan Offer
Go to "Find Offer" and select:
| Field | What to Choose |
|---|---|
| Amount | How much you want to borrow |
| Duration | Your preferred loan term |
| Type | Stablecoins (USDC/USDT) |
Browse offers and click one that suits your needs.
Enter Your Addresses
You need to provide 2 addresses:
| Address | Purpose | Tip |
|---|---|---|
| Collateral Refund | Where BTC returns after repayment | Use an unused address for privacy |
| Loan Address | Where you receive stablecoins | Must match the offer's network |
Ensure your loan address matches the blockchain network (Polygon, Ethereum, etc.) in the selected offer.
Confirm and Submit
- Double-check both addresses
- Click "Pick Offer"
- Lender has 24 hours to approve
Fund the Contract
Once approved, you'll see a Bitcoin address secured by 2-of-3 multisig.
| Action | Details |
|---|---|
| Send BTC | To the provided multisig address |
| Amount | Exact required amount or more (overcollateralize) |
| Status | Funds locked until repayment or liquidation |
Receive Your Loan
Once your BTC is confirmed on-chain:
- Lender transfers stablecoins to your loan address
- Funds are yours to use immediately
Repaying Your Loan
Start Repayment
Go to your active contract → Click "Manage Loan"
You'll see the repayment address and amount (principal + interest).
Send Payment
| What to Send | Where |
|---|---|
| Full amount (principal + interest) | Repayment address shown |
| Transaction hash | Submit as proof |
Get Your Collateral Back
Once the lender approves:
- BTC automatically sent to your Collateral Refund Address
- Loan complete