Borrow. Don't sell. Spend.

Let users borrow
against their crypto,
without selling it.

A stablecoin credit line backed by ETH, BTC, or stablecoins.
No credit check. No tax event from selling. Pair it with a card for offramp.

Book a demoRead the docs
What it is

Borrow against crypto, keep the upside.

Selling crypto to raise cash is a taxable event in most places, and it means giving up the upside. Borrowing against it is not. Your user keeps the asset, posts it as collateral, and draws a USDC credit line against it.

Compass makes that a product you can ship. Your user deposits ETH, BTC, or stablecoins as collateral, borrows USDC against it, and repays to unlock the collateral. Compass prepares each on-chain transaction. Your user's wallet authorises it. No credit check, because the loan is backed by the collateral, not a score.

This is becoming the anchor feature for apps building on Compass. Borrow, then spend through a connected debit or credit card, and the loan turns into everyday liquidity.

How it works

Post collateral. Draw the line.

01
Post collateral
Your user deposits ETH, BTC, or a stablecoin into their Credit Account. It stays on-chain, in their control.
02
Draw the line
Compass prepares a borrow transaction against the collateral. Your user signs, and USDC lands in their wallet. Bundle deposit and borrow into one signature.
03
Spend, then repay
Offramp through a connected card, or use the USDC on-chain. Repay any time to unlock the collateral. Track the health factor through the same API.
Underlying markets

Backed by the largest on-chain money market.

Money market
Aave V3

The largest on-chain money market. Collateral is supplied and USDC is borrowed against it, with a transparent, on-chain health factor.

User-owned
Credit Account

Collateral and debt sit in the user's own Credit Account. Compass surfaces loan-to-value and liquidation threshold through the API so your app can warn users early.

Live markets

Live borrow rates, set by the market.

The live USDC borrow rate and the collateral your users can post, read from the Compass API. LTV and liquidation threshold are set by the underlying market.

4.0%
USDC borrow rate, variable, on Aave V3. Set by the market and returned live by the API.
0 ETH
Gas to borrow or repay, with gas sponsorship. Your users never hold ETH.
CollateralBorrowEarns while posted
WETHWrapped Ether
USDC1.5%
cbBTCCoinbase Wrapped BTC
USDC0.1%
WBTCWrapped Bitcoin
USDC0.6%
wstETHLido Staked ETH
USDC~0%
USDCUSD Coin
USDC3.3%
USDTTether
USDC2.2%

Live from Aave V3 via the Compass API. Borrow rate, LTV, and liquidation threshold are set by the market and returned live. Available across Ethereum, Base, and Arbitrum.

Built in, not bolted on

The platform under the credit line.

01 / 06
Defining principle
Non-custodial by design
Collateral never moves through Compass. We prepare borrow and repay transactions, your user signs.
Your users keep custody. Always.
02 / 06
Monetise from day one
Charge a custom fee on every loan originated through your app.
Read the docs
03 / 06
Gas sponsorship
Borrow and repay without holding ETH for gas. Your users sign off-chain.
Read the docs
04 / 06
Transaction bundling
Deposit collateral and draw the line in one signature, atomic.
Read the docs
05 / 06
Risk dashboard
Live view of collateral, debt, and health factor, embeddable.
See the dashboard
06 / 06
Data and reporting
Loan balance, interest accrued, repayment history, and liquidation risk.
Read the docs
Related products

One integration, the rest of DeFi.

Yield

Put idle collateral or borrowed USDC to work across thousands of venues.

Learn more
Tokenised assets

Spend a credit line into tokenised equities and T-bills, held in the wallet.

Learn more
Perpetuals

Trade global markets with the liquidity a credit line frees up.

Learn more
FAQ

Loans, answered.

What LTV can a user borrow at?
Set by the underlying market per collateral type, and returned live by the API. Compass does not hard-code it.
What if the collateral drops in value?
If the loan nears the liquidation threshold, it can be liquidated by the protocol, the same as borrowing directly. The Risk Dashboard surfaces the health factor early.
Is there a credit check?
No. The loan is over-collateralised, so there is no score, no application, and no waiting.
Is this custodial?
No. Collateral sits in the user's own Credit Account. The user's wallet signs.
Get started

Ship crypto-backed credit in days.

A USDC credit line backed by ETH, BTC, or stablecoins, through one non-custodial API. No credit check, monetised, live in days.

Book a demoRead the docs