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Frequently Asked Questions

General​

What is Purinta?​

Purinta is a DeFi lending app that lets you borrow USDC against your meme token holdings. Instead of selling your meme tokens when you need liquidity, you supply them as collateral and borrow stablecoins against them.

Who built Purinta?​

Purinta is built by contributors to the Api3 DAO, based on the mandate from DAO proposal Primary-16.

Does Purinta have its own smart contracts?​

No. Purinta is a frontend interface on top of Morpho Blue, one of the most audited lending protocols in DeFi. There are no additional custom smart contracts — all lending operations run on Morpho's audited infrastructure.

What network does Purinta run on?​

Ethereum Mainnet.

Who is curating the markets?​

Api3, which is also a decentralized oracle provider that supplies the price feeds used by each market.

Borrowing​

What can I borrow?​

All Purinta markets use USDC as the borrow asset.

What can I use as collateral?​

Purinta supports selected meme tokens. See the Supported Markets page for the current list.

How much can I borrow?​

Up to 62.5% of your collateral value (the Liquidation LTV). The Purinta UI further caps this at 95% of the maximum to give you a safety buffer. For example, with $100 of collateral you can borrow up to ~$59.37 USDC through the UI.

Can I borrow against multiple tokens at once?​

Each market is independent. You can have separate positions in different markets (e.g. one SPX/USDC position and one PEPE/USDC position), but each position is isolated — they don't share collateral.

Do I pay interest?​

Yes. Borrowers pay a variable interest rate (Borrow Rate) that accrues over time. The current rate is displayed in your position details. See Interest for more details.

Do I earn interest on my supplied collateral?​

No. Collateral supplied to a Morpho Blue market does not earn supply APY — it only serves to secure your loan. This is because Morpho markets are one-sided: your supplied collateral is not lent out to other borrowers.

Positions & Repayment​

How do I repay my loan?​

There are two ways. Quick Repay on the My Positions page fully repays your debt and withdraws your collateral in one click (or uses your entire available USDC balance for a partial repay if you don't have enough). For more control — e.g. repaying a custom amount — use Modify Position to adjust your debt and collateral with sliders. There are no lockup periods.

Why can't I fully repay my loan?​

This happens when your wallet doesn't have enough USDC to cover the full outstanding debt. In this case, Quick Repay will use your entire available USDC balance for a partial repayment. To fully close your position, make sure you have enough USDC in your wallet to cover the remaining debt.

Can I add more collateral to an existing position?​

Yes. Click Modify Position on any open position to adjust your collateral and borrow amounts using the borrow widget.

Can I withdraw collateral without fully repaying?​

Yes, as long as your position stays above the liquidation threshold after the withdrawal. While the UI prevents withdrawals that would result in immediate liquidation, your position may still be at risk if the collateral price drops further.

Risk & Liquidation​

What is liquidation?​

If the value of your collateral drops enough that your loan-to-value ratio exceeds 62.5%, your position is liquidated — your collateral is sold to repay the loan. See Risk & Liquidation for full details.

How do I avoid liquidation?​

Keep your borrows reasonably safe to account for a potential price drop and monitor your positions during volatile markets to add collateral or repay early if your health factor drops. See how to avoid liquidation.

What do the hearts signal in position health?​

The hearts on your position card show how healthy your position is. More filled hearts means you're further from liquidation. As hearts start to fade, it's a signal to add collateral or repay some debt. See The Health Indicator for a detailed breakdown.

Are my positions safe from other users' liquidations?​

Yes. Each market is independent, and each user's position is isolated. Another user's liquidation has no direct impact on your position.

Compatibility​

Do I need a specific wallet?​

No. Purinta supports all common EVM wallets such as MetaMask, Rabby, etc... or any other wallet compatible with WalletConnect.

Can I manage Purinta positions from other interfaces?​

Yes. Since Purinta uses standard Morpho Blue markets, your positions are visible and manageable from any Morpho-compatible interface (e.g. the Morpho app). However, Purinta's UX is optimized specifically for meme token lending.

Is Purinta available on mobile?​

Yes. Purinta is mobile-friendly from day one.