Circuit Review: What to Know Before Depositing
Circuit is a Chia protocol for borrowing BYC against XCH. Its basic purpose is clear, but key details about costs, liquidation rules and audit results are not established, so you can’t yet judge the risks of depositing.
By the SkyBitcoins review team · Updated
At a glance
Circuit key facts
| Type | Collateralized debt position (CDP) protocol |
|---|---|
| Chain | Chia |
| Collateral | XCH |
| Borrowed asset | BYC, a USD-pegged stablecoin |
| Token | CRT |
| Value locked | $175K+1.2% 7d |
| Audits | 2 audits listed |
| Updated |
Circuit FAQs
What is Circuit and how does it work?
Circuit is described as a collateralized debt position (CDP) protocol on Chia. You deposit XCH as collateral to borrow BYC, a stablecoin designed to track the US dollar.
What fees does Circuit charge?
Circuit’s fees, borrowing costs and repayment terms are not established. Check the current protocol terms before opening a position; borrowing stablecoins can also involve network fees and liquidation risk.
Is Circuit safe to use?
Two audits are listed, but their names, scope and findings are not established. That is not enough to assess the safety of the protocol or its contracts; review the full audit reports before depositing.
Compare
Circuit alternatives
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Thala offers Move Dollar borrowing and other DeFi products on Aptos, but check live fees and collateral liquidation terms before depositing.
Balanced combines cross-chain DeFi with collateral-backed bnUSD, but check live costs, liquidation rules and audit details before depositing.
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How we checked
Sources
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