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Check out Orby on X. I only use it recently so what I can say is so far so good. But take note that the 14% that they are giving you is their native token which has to lock up for 3 months. Or you can move your borrow USC to tectonic at slightly lower rate (but there is no lock up )
I am not sure why I get down voted. Here is the step by step for chat GPT 🔹 Step-by-step: What’s happening 1. Deposit collateral • You deposit your BTC (wrapped as CDCBTC on Cronos) into Orby.Network. • This collateral is locked in a smart contract. You don’t give custody to Orby directly (like in a bank). Instead, the smart contract holds your CDCBTC as long as you have an active loan. 2. Borrow USC (stablecoin) • Against your CDCBTC collateral, you borrow USC, Orby’s stablecoin. • When minting USC, you pay a 0.5% minting fee (this is effectively the borrowing cost). • Example: Borrow 1,000 USC → pay 5 USC as fee upfront. 3. Use the USC • You now have USC in your wallet. You can: • Stake it back on Orby.Network (they pay ~14% APR). • Supply it on Tectonic (11–12% APR). • Deposit on Crypto.com (7% APR). • Or sell it (convert to USDC/USDT/fiat). 👉 Effectively, you’ve borrowed at 0.5% and can earn multiple % yields elsewhere, which is why you called it a “cheap loan.” ⸻ 🔹 Who has custody of the collateral? • Custody is held by the Orby.Network smart contract, not by you anymore. • If the value of your CDCBTC drops too much relative to your loan (USC borrowed), the smart contract can liquidate your BTC to repay the debt. • You still control the USC you borrowed — that’s in your own wallet unless you then lend it out. So: • BTC collateral custody → Orby smart contract • Borrowed USC custody → your wallet (until you deploy it in staking/lending) ⸻ 🔹 Risks to keep in mind 1. Liquidation risk • If BTC price falls and your loan-to-value (LTV) ratio exceeds Orby’s limit, your collateral can be liquidated. 2. Smart contract risk • Orby, Tectonic, and even Cronos chain itself could have bugs, exploits, or rug risks. 3. Stablecoin risk • USC is Orby’s stablecoin. If it loses its peg (not 1:1 with USD), your lability actually drop. Not a concern for me 4. Counterparty yield risk • Yields (14%, 12%, 7%) are not guaranteed and can drop anytime. ⸻ ✅ In short: • You borrow USC cheaply (0.5%) using your CDCBTC collateral. • Custody of collateral = Orby’s smart contracts. • You can then deploy USC to earn higher yields or convert to cash. • Your main risks are liquidation, peg stability, and smart contract security.
I use mine BTC (CDCBTC) on orby.Network which is on the Cronas chain. Use my CDCBTC and Borrow USC which a stable coin. They charge you 0.5% when you mint USC. So the “interest” on borrowing is 0.5%. Take the borrow USC and Stake your USC on orby.network for 14%, tectonic for around 11-12% or crypto.com at 7%. Or you can sell your USC to get cash What a Cheap loan at 0.5%. For Information, Orby network, tectonic & crypto.com is on Cronos Chain
I use mine BTC (CDCBTC) on orby.Network which is on the Cronas chain. Use my CDCBTC and Borrow USC which a stable coin. They charge you 0.5% when you mint USC. So the “interest” on borrowing is 0.5%. Take the borrow USC and Stake your USC on orby.network for 14%, tectonic for around 11-12% or crypto.com at 7%
Well he clearly doesn’t if he’s buying bitcoin/ would prefer Bitcoin over USC. So shut up.