Arc open-source USDC lending sample app

BlockBeats news, October 6: Arc, the L1 network under Circle, has open-sourced a USDC lending example application based on Borrow Kit. The example covers the complete process of discovering markets, calculating loan sizes, depositing cirBTC as collateral, borrowing USDC, monitoring health, repayment, and liquidation. The official statement says developers do not need to write custom smart contracts or maintain direct integrations with lending protocols.