Borrow Stables Against Native LTC
Unlock stablecoin liquidity without selling your Litecoin. Rujira Money Market accepts native LTC as collateral on THORChain — new for LTC, non-custodial, no wrapping step.
Why this is new for LTC
LTC had no on-chain money market for its entire decade of existence. The only way to borrow against LTC was through a centralized lending desk — custody risk, KYC, re-hypothecation of your coins.
- Native LTC as collateral — your Litecoin stays on its own chain; no WLTC is minted.
- Non-custodial — the protocol holds the lien against your address, not a company.
- No KYC, no term lock — open, repay, close. No waiting period.
- Transparent parameters — LTV, liquidation threshold, borrow rate are published on-chain and visible before you sign.
Step-by-step: deposit LTC, borrow stables
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Open Rujira Money Market
Navigate to the Rujira Money Market app. It runs on top of THORChain and accepts native LTC as collateral — your LTC stays on the Litecoin chain until a liquidation event.
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Connect an LTC-capable wallet
Use a wallet that signs standard LTC sends with an OP_RETURN memo. THORChain-compatible wallets route deposits automatically. No WLTC is minted at any step.
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Deposit LTC as collateral
Send LTC to the inbound address with the deposit memo in OP_RETURN. Your LTC is recorded as collateral against your address; the protocol does not re-hypothecate it.
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Pick borrow asset and amount
Choose a stablecoin (USDC, USDT) and an amount inside the allowed loan-to-value. The interface shows liquidation price and current borrow rate before you commit.
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Sign the borrow transaction
Confirm the borrow. The stablecoins are sent to the destination address you specify — another wallet you control, or an exchange deposit address if you are exiting.
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Monitor collateral health
Track LTC price against your liquidation threshold. Repay part or all of the loan at any time to de-risk; top up collateral if LTC drops.
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Repay to unlock your LTC
Send stablecoins back with the repay memo. Debt clears, the protocol releases your native LTC to the address you nominate. No wrapping step, no custodian.
Risks to understand before you borrow
If LTC drops enough that your collateral ratio breaches the liquidation threshold, part of your LTC can be sold to repay the loan. Leave headroom.
Stablecoin borrow rate is algorithmic and moves with utilization. It can rise during periods of high demand. Check the live rate before opening.
Non-custodial is not risk-free. The Money Market runs on deployed contracts; a bug could affect deposits. Size positions accordingly.
Other things you can do with native LTC
LTC money-market questions
Is my LTC ever wrapped or bridged?
No. Rujira Money Market treats native LTC as first-class collateral on THORChain. Your LTC stays on the Litecoin chain, tracked on-chain against your account. No WLTC, no IOU, no bridge.
Why is this new for LTC?
Litecoin had no on-chain money market for its entire decade of existence. Borrowing against LTC meant sending it to a centralized lending desk — custody risk, KYC, re-hypothecation. Rujira Money Market is the first non-custodial on-chain borrow market for native LTC.
What LTV can I get on LTC?
Loan-to-value is set per-collateral by the protocol and adjusts with market conditions. The UI displays the current max LTV, liquidation threshold, and your liquidation price before you confirm. Conservative borrowers typically open loans well below the max.
What if LTC price drops?
If your collateral ratio falls below the liquidation threshold, part of your LTC can be liquidated to repay the loan. Avoid by repaying early or topping up collateral. Parameters are published on-chain and visible before signing.
What is the borrow rate?
Interest is algorithmic, driven by utilization in each market. Live rate is shown in the Money Market UI. No origination fee, no term lock — repay any time.
Why not just sell LTC for stables instead?
Selling closes your LTC position and may trigger a taxable event. A loan unlocks stable liquidity without disposing of the asset — useful if you expect LTC to appreciate or want to avoid a capital gain. Trade-off: loans carry liquidation risk; outright selling does not.