Zero-Interest iUSD Lending

Ironclad issues interest-free loans denominated in the $iUSD stablecoin. Instead of paying interest, users pay a 0.5% issuance fee, meaning they don’t need to worry about micro-managing their position.

There is no fee for paying back a loan.

iUSD Loan Example

• If a user deposits sufficient collateral, they can take out a 100 iUSD loan.

• Their total debt will appear as 105.5 iUSD, which is made up of a 0.5% issuance fee (in this case 0.5 iUSD), 5 iUSD held as a liquidation deposit, and 100 iUSD minted to the user’s wallet.

• When the user pays back 100.5 iUSD, the 5 iUSD liquidation deposit will automatically be paid into their position and the position will be closed.