Quick Start

You can be set up in a few minutes. Pick the path that matches what you want to do.

To borrow

1. Sign in

   Go to app.spout.finance and sign in with your email or a Solana wallet. See Creating Your Account and Wallet.

2. Add a little SOL

   You need it for network fees, and USDC if you plan to buy stock. See Adding Funds.

3. Get collateral

   Buy a tokenized stock on the Buy screen, with or without leverage, or use one you already hold.

4. Open a position

   On the Borrow screen, pick the asset, choose how much to borrow with the LTV slider, and confirm in your wallet. Deposit and borrow happen in one signature.

5. Watch your LTV

   Keep it well below your asset's liquidation threshold. See LTV, Health Factor and Safety Zones.

6. Repay and withdraw

   Repay whenever you like. Collateral can leave between cycles, once it has been through at least one options cycle and its tokens are back in the pool.

To lend

1. Sign in

   Sign in and add USDC, plus a little SOL for network fees, on Solana.

2. Choose a tranche

   On the Earn screen, pick Senior or Junior. Senior is paid first and takes losses last. Junior targets a higher return and takes losses first. See Choosing a Tranche.

3. Deposit

   You receive tranche share tokens that grow in value as yield accrues.

4. Withdraw

   Redeem your shares when you want to leave. See Withdrawing From Senior and Withdrawing From Junior.

Lending needs no collateral and no identity verification.