Guides

Mint your first deposit

Two minutes from stablecoins to liquidity you can use — plus a claim that keeps earning.

Before you start

  • A wallet on Base Sepolia (the current network — mainnet is audit-gated).
  • Test USDC from Aave's faucet — the mint page links it directly.
  • Gas: Base Sepolia ETH from any Base faucet.

Steps

  1. Open app.loomfi.io/mint and connect your wallet.
  2. Enter the amount to deposit.
  3. Choose your mint ratio with the slider — this is the only real decision:
    • 0% — pure yield deposit. No lUSD, no debt; the receipt simply reclaims principal + yield.
    • Up to 80% — free that share of your deposit as lUSD now; the receipt records the same amount as debt to return at redemption.
  4. Read the preview: the lUSD you'll receive, the claim your receipt will hold, and the unlock time (T+2).
  5. Confirm. The app requests an exact-amount approval (never infinite) and then the mint — two signatures the first time, one after.

What you now hold

  • lUSD in your wallet — spend it, trade it, or loop it.
  • A receipt NFT on the receipts page — its redeemable value starts growing immediately, and the card shows exactly how much it has earned.

Nothing to manage from here: no health factor, no liquidation price, no rate to watch. When you're ready to exit, redeem after unlock or sell the receipt any time.