USDC to bitusdcp to MXNB, ready to borrow, all in one transfer.
Send USDC on Base to an executable address hardcoded to deposit in the USDC-bitusdcp vault, and then deposit bitusdcp into the MXNB-bitusdcp vault as collateral, ready for you to borrow MXNB.
- Bitso USDC Prime
- 4.46% APY
- Borrowing MXNB
- 1.56% APY
- MXNB to borrow
- 710,413.85 MXNB
01USDC.transfer
Hands the USDC to Morpho’s bundler adapter.
- to
GeneralAdapter1Morpho- amount
- what you deposit
02
Bundler3.multicallMorpho’s bundler runs two steps, in the same transaction.
erc4626Deposit
Deposits exactly the amount. The adapter keeps the shares for the next step.
- vault
Bitso USDC Prime- assets
- what you deposit
- maxSharePriceE27
- quoted when it’s created
- receiver
GeneralAdapter1
morphoSupplyCollateral
Posts every share it holds as collateral, credited to your wallet.
- marketParams
bitusdcp / MXNBLLTV 91.5%- assets
- all of its bitusdcp
- onBehalf
- your wallet
- recovery
- your wallet
- expirationTimestamp
- 5 minutes after it’s created
- chainId
- Base8453
Bitso USDC Prime and its MXNB market are Bitso’s, on Morpho; rates vary, and Execute isn’t affiliated with either. Borrowing against the collateral happens on Morpho, from your wallet: no address anyone else creates can take on debt in your name.
Never connect your wallet.
Infrastructure for apps to let users earn onchain without wallet connections, token approvals or bridging.