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THE NOTE
Lending on Arc
LENDING PROTOCOL ON ARC

BagFi

Open the marketSee how it works
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01

Borrow USDC against the bag. Fixed term, flat fee, on Arc.

USDC

Selling the bag is the fast way to get dollars, and the one that gives the upside away. This protocol lends USDC against it, on Arc.

Built on proof
02

Express turns 30% of the bag into USDC for 2 days, at a 3% fee. Quick is 25% for 3 days, at 2%. Standard is 20% for 7 days, at 1.5%.

$1,000 of the bag at 20% is $200 USDC, minus the 1.5% fee. Take Express and the same bag pays $300 USDC, at 3%. The higher the LTV, the less room if the bag moves.

03
USDC
  • COOL
  • LONG
  • ARCAT
  • ARCANINE
  • NOAH
  • COOL
  • LONG
  • ARCAT
  • ARCANINE
  • NOAH
  • COOL
  • LONG
  • ARCAT
  • ARCANINE
  • NOAH
  • COOL
  • LONG
  • ARCAT
  • ARCANINE
  • NOAH
  • COOL
  • LONG
  • ARCAT
  • ARCANINE

One USDC pool, on Arc. Borrowers draw against a screened bag. Lenders earn 80% of every origination fee.

The fee is flat and taken up front. There is no variable rate and no surprise at the due date.

04
  • COOL
  • ARCAT

Collateral is locked on Arc for the term of that loan, not sold. Other tokens in the wallet are not part of the position.

Repay the USDC by the due date and the bag comes back. Miss the date, and the position can be closed. The due date is the bound. After it, the bag is no longer waiting.

05 · Open the market

Pledge the bag.
Borrow USDC.

BagFi is a fixed-term lending protocol built on Arc. Pledge a memecoin, take USDC at the tier's LTV, pay one flat fee up front and repay the principal by the due date. The token is never sold.

Open the marketArc explorer
BagFi · built on Arc · chain 5042 · gas paid in USDCQuotes on this site are local math. Sample prices are not an oracle. No pool is deployed yet.Original experience design by Victor Work · vwlab.io · MIT
  • “Pledge
    The
    Bag
  • Borrow
    USDC
    On
    Arc
  • Not
    Sold”
“Pledge the bag.” USDC comes out. The token does not get sold.
“Pick the tier.” Express, Quick or Standard. The LTV, the days and the fee are on the quote.
“Repay in USDC.” The due date is the bound. Pay it, and the bag comes back.
05

The prices on the market page are samples, so a quote can be read before a feed is wired.

When a live price is connected, a stale print should not size a loan.

You see the USDC, the fee and the due date before you sign.
A sample price says:This is a quote, not a feed.
A live oracle will say: this bag, this block.

Arc settles in USDC. Chain 5042. The same USDC pays gas.

06

Pick the token and the amount. The vault is scoped to that deposit.

Express, Quick or Standard. Each one states LTV, days and the flat fee.

You receive principal minus the fee. The amount due is the principal, on a date.

Repay and the bag returns. A lender who supplied the USDC keeps 80% of the fee.

07
Borrow USDC.
Keep the bag.

Six things the protocol is for. They are the product, not a slogan.

  • 30% of the bag, for 2 days.

    30% LTV, 2 days, 3% fee. The most USDC, the least time.

  • 25% of the bag, for 3 days.

    25% LTV, 3 days, 2% fee. The middle term.

  • 20% of the bag, for 7 days.

    20% LTV, 7 days, 1.5% fee. More room before the due date.

  • Supply USDC, keep 80%.

    Deposit USDC. You earn 80% of origination fees, in proportion to what you supplied.

  • A score from 300 to 850.

    Repay on time and a score from 300 to 850 can climb. It is not written on Arc yet.

  • Gas on Arc is USDC.

    Arc, chain 5042. Gas is USDC. The pool is not deployed, so the page quotes and does not move funds.

The market quotes the loan in USDC. Express, Quick, Standard. Open it and run the numbers on a bag.
Lenders supply the USDC and keep 80% of the fee. Borrowers repay and take the bag back. Gas on Arc is USDC.