USDC Collateral Model

Why USDC?

MegaBanX uses USDC stablecoin as the sole collateral:

• Stability: Price locked to $1 USD, no variance in collateral value

• Composability: Easy integration with DeFi ecosystem

• Auditability: Widely trusted stablecoin by Circle

• Efficiency: LPs know exact collateral, simplifying risk calculations

Single-Asset Collateral

Unlike some platforms that require you to hold the asset you are trading (e.g., holding BTC to trade BTC-USD perps) or multi-collateral systems that introduce complexity, MegaBanX simplifies this.

You deposit USDC, and that USDC can back a long BTC position, a short ETH position, or a long EUR/USD position simultaneously.