Credit Mode allows you to use your existing crypto as collateral for you Cash credit card. This means making use of your crypto without having to sell it.
From the Safe tab, select the Credit Mode from the drop down options
You automatically borrow when you spend with your account in Credit Mode
Your account balance is used as collateral against the amount borrowed, so a borrow is not linked to a particular asset
Currently, weETH, USDC and SCR tokens are currently supported in the app with more to follow in the upcoming months
Repay your borrowed amount back at any time
Note:
when in Credit Mode, be sure to check your collateral asset's Loan to Value (LTV) ratio to prevent risk of insufficient funds or liquidation of your collateral
In the event of an asset depegging thehe user assumes the risk