How to Open a Loan

Follow these simple steps to open your first loan on the GVNR Diamond Hands platform:

1. Connect Your Wallet

Start by connecting your crypto wallet to the GVNR Diamond Hands platform. Follow the wallet’s signing prompts to approve the connection.

2. Navigate to “Open Loan”

Once connected, go to the Open Loan section in the platform interface.

3. Set Your Collateral and Borrow Amount

Choose how much BTC you’d like to deposit as collateral. Then, select the amount of UCD stablecoin you want to borrow.

💡 The borrowing limit is based on a Loan-to-Value (LTV) ratio of 66%.

4. Choose Your Payout Stablecoin

Select which stablecoin you want to receive when the loan is finalised:

• USDT (Tether)

• USDR

5. Review Your Loan Summary

Before confirming, review the loan summary carefully. You’ll see details including:

• BTC deposit amount

• BTC price at time of acceptance

• Collateral ratio

• Liquidation ratio

• Term duration

• Fees payable

• Total UCD minted

• Available capital

6. Create Your GVNR Diamond Hands Vault

Next, create your Vault by signing your loan terms. This confirms your agreement to the conditions.

7. Complete the Loan Process

Once the terms are accepted, the following actions will occur automatically:

• Your BTC is deposited as collateral

• UCD is minted

• UCD is swapped into your chosen stablecoin (USDT or USDR)

8. Manage Your Vault

After setup, you can enter your Vault to monitor and manage your loan. Here, you can:

• Track loan health

• Make repayments

• View your transaction history