How do you create a loan in CurveUSD protocol?
Last updated
Last updated
To open a collateralized debt position in CurveUSD protocol on DeFi Saver, the first step would be to create a Smart Wallet LINK
.
After choosing the market (e.g. collateral asset) you'd need to specify:
- Collateral amount
- Debt amount (in $crvUSD)
- Number of bands (in which the collateral will be distributed proportionally)
DeFi Saver offers creating a leveraged position in CurveUSD by switching to the "Leverage" tab on the create page (second screenshot below).
The process stays the same, but it's important to note that in case of creating a leveraged CDP all the $crvUSD debt will be used to buy more collateral.