No need to write custom smart contracts: Arc open-sources USDC lending example app

Odaily: Arc, the L1 network under Circle, has open-sourced a USDC lending example application built on Borrow Kit. The example covers market discovery, loan sizing, depositing cirBTC as collateral, borrowing USDC, health monitoring, repayment, and liquidation. According to the official announcement, developers do not need to write custom smart contracts or maintain direct integrations with lending protocols.