Multi-Collateral USDC Borrowing is now live.

Multi-Collateral USDC borrowing is now live on Veranta, powered by Morpho — an open infrastructure protocol for onchain loans. Here’s what this integration enables for liquidity providers and traders on Veranta.

Multi-Collateral Trading

Now, traders can directly borrow USDC on Veranta against their idle ETH, BTC and altcoin portfolio to simply continue doing what they do best: Trade perpetuals !

Pay back seamlessly in one bundled transaction after your trade is complete. Increased USDC gives traders access to increased leverage and exposure, without ever selling your crypto assets. This means more earnings and more trading XP.

Boosted Veranta XP + yields

With our Morpho integration, liquidity providers on Veranta can double down on their LP deposits by borrowing USDC against their idle Bitcoin or ETH.

Depending on factors like the LP’s lock duration, market conditions & yields (both Veranta’s deposit yields, and Morpho’s borrowing APY), LPs can potentially earn net positive yield on their borrowed USDC, along with boosted Veranta XP!

Leverage on leverage, both for traders and liquidity providers.

Supported Markets

Currently Veranta has integrated several markets that support USDC loans on Base. This includes:

• cbETH (yield bearing)
• wstETH (yield bearing)
• cbBTC
• ETH

However, we’ll launch several new markets soon, giving our users the ability to leverage their entire crypto portfolio on Base to borrow USDC and maximize their potential.

Getting started

For an in-depth explanation of how the integration works, check out our comprehensive docs: https://docs.veranta.xyz