With a DAI lending interest rate of 9.25% APR and a USDC lending interest rate of 9% APR, there's a great opportunity to put your stablecoins to work in a non-custodial manner.

(Note: you will only make 9.25%/9% APR if you're funds are utilized, otherwise they will make the Compound Finance idle rate).

However with every platform there are tradeoffs. Since Atomic Loans deals with native Bitcoin, there's a need for liveliness. This tutorial goes over how to setup a lender agent and shouldn't take more than 10 minutes!

  1. Go to https://atomic.loans/app

2. Choose lend USDC

3. Choose the amount you want to lend

4. And how long you want to lend for

5. Confirm

6. Deploy funds for lending

Note! Before you click the "Deploy to Heroku" button, make sure you've logged in / signed up for Heroku and you've added a credit card at: https://dashboard.heroku.com/account/billing

This is needed to get access to free heroku credits.

You will not be billed for using Atomic Loans on Heroku. Please contact us if you receive a bill from Heroku and you will be reimbursed.

Once you've done this, you can click the purple "Deploy to Heroku" button

7. Deploy the app on heroku

Note: You only need to fill out the App name and the Heroku App field
Make sure the App name and the Heroku App field match

8. Then click the Deploy app button

Note: This will take ~90 seconds to deploy.

Your autopilot agent will setup in the background
Once complete, it will look like this

9. Click on view

10. Welcome to your Atomic Loans Lending Autopilot Agent. Click "Backup Secret Phrase"

11. Connect MetaMask

12. Sign with MetaMask

13. Copy Seed Phrase. Don't show this to anyone and back it up securely. Anyone with this phrase can steal all your lending funds.

14. Now it's time to Enter your Heroku API Key so you can update your Agent. Click on the https://dashboard.heroku.com/account link

15. Scroll to the very bottom

16. At the bottom of the page, click on "Reveal"

17. Copy the API Key

18. Paste the API Key into the text field. Then click submit

19. Sign on MetaMask to update the API Key on the agent

20. The setup is complete. Go ahead and navigate back to the Atomic Loans page.

21. Go ahead and click "Deposit"

22. Sign on MetaMask to deposit your USDC funds

23. Wait for transaction to confirm and agent to deploy your funds. This can take up to 3 minutes.

24. Your funds have been deployed successfully. Click on the "Continue to Dashboard" button

25. Welcome to your dashboard!