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.

If you still have any questions, please reach out to the Ironclad team in our official Discord.