No need to write custom smart contracts, Arc open-sources USDC lending example application

Odaily news: Circle's L1 network Arc has open-sourced a USDC lending example application based on Borrow Kit. This example covers processes including market discovery, loan size calculation, depositing cirBTC as collateral, borrowing USDC, health monitoring, repayment, and liquidation. The official statement says developers do not need to write custom smart contracts, nor do they need to maintain direct integration with lending protocols.