CDPs · Review
ActiveCircuit Review 2026: Borrow BYC Against XCH
Circuit is a Chia-based CDP protocol that lets users lock XCH as collateral to borrow BYC, a USD-pegged stablecoin. Its basic purpose is clear, but key borrowing and liquidation terms are not published.
By the DappsAtlas editorial team · Updated
DappsAtlas score
5.0/10
Mixed
Our verdict on Circuit
5.0/10Circuit gives Chia users a way to borrow BYC against XCH rather than selling their collateral. That simple CDP model may suit users who need BYC and understand the risks of borrowing against a volatile asset. The main caveat is the lack of published terms: rates, collateral requirements and liquidation rules are not clear, and the listed audits lack public detail. Check the current interface carefully before depositing XCH.
Score breakdown
How Circuit scores
- Security
- 4.0/10
- Ease of use
- 5.0/10
- Fees
- n/a
- Features
- 4.0/10
Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.
What is Circuit?
Circuit is a collateralized debt position (CDP) protocol on the Chia blockchain. Users deposit XCH and borrow BYC, a stablecoin designed to be pegged to the US dollar.
The protocol's core use is straightforward: access BYC without selling XCH. Borrowers remain exposed to XCH price movements, and a drop in collateral value can put their position at risk. Circuit does not publish key terms such as borrowing rates, collateral requirements or liquidation thresholds.
How Circuit works
Circuit is a collateralized debt position protocol on Chia. A user deposits XCH as collateral and borrows BYC against it. The collateral secures the debt; it is not a deposit that can be assumed to earn a return.
As with other CDPs, a fall in collateral value can put a position at risk of liquidation. The specific collateral ratio, liquidation process, borrowing rate and repayment terms for Circuit are not published, so users should check the borrowing interface before opening a position. BYC is intended to track the US dollar, but that target is not a guarantee of its market price.
4 features
Key features
01
XCH-backed borrowing
Users lock XCH as collateral in a CDP to borrow BYC.
02
BYC stablecoin
BYC is described as a USD-pegged stablecoin; the peg is not guaranteed.
03
Chia-based protocol
Circuit runs on the Chia blockchain, according to its protocol description.
04
DAO governance
Circuit is associated with CircuitDAO. A search result identifies CRT as a governance token, though token utility details are not published.
Pros and cons
What we like
- A clear use case: borrow BYC against XCH without selling the collateral.
- BYC offers a stablecoin borrowing option for users in the Chia ecosystem.
- Circuit is identified as a CDP protocol, making its core borrowing model easy to understand.
Watch out for
- Borrowing rates, fees, collateral thresholds and liquidation terms are not published here.
- Details about the two listed audits, including their scope and findings, are not published.
- BYC's USD peg and the protocol's ability to maintain it are not guaranteed.
- Borrowers face XCH price volatility and may lose collateral if their position is liquidated.
Circuit fees
Circuit's borrowing rates, opening or closing fees, and any other user charges are not published. Check the borrowing interface for the current terms before confirming a position; blockchain transaction costs may also apply.
Is Circuit safe?
Circuit has two audits listed, but the audit names, scope, dates and findings are not published here. The number of audits alone does not establish that the protocol is secure, and no details about custody or incident history are published.
Using a CDP carries smart-contract and collateral risks. XCH price changes can threaten a position, and BYC may trade away from its intended USD peg. Circuit's licensing and KYC requirements are not published. This is not a gambling service; for any gambling activity elsewhere, check local laws, be 18 or older, and gamble responsibly.
6 steps
How to get started with Circuit
- 1
Confirm that Circuit is available to you and review its current borrowing and liquidation terms.
- 2
Set up a wallet that supports Chia and make sure you control the wallet keys.
- 3
Acquire XCH and leave enough available for any blockchain transaction costs.
- 4
Connect your wallet to Circuit and review the collateral and borrowing options shown.
- 5
Deposit XCH as collateral and choose a BYC borrowing amount that keeps your position within the displayed limits.
- 6
Monitor the collateral value and repay the debt according to the protocol's current instructions.
Who Circuit is for
Circuit may suit Chia users who want to borrow BYC while keeping XCH exposure and are comfortable managing collateral and debt. It is a poor fit for anyone who needs predictable borrowing costs or clear liquidation rules before committing funds.
Circuit FAQs
What is Circuit?
Circuit is a collateralized debt position (CDP) protocol on Chia. Users deposit XCH and borrow BYC, a stablecoin designed to track the US dollar.
What is BYC?
Circuit's stated borrowing asset is BYC, backed by XCH collateral. BYC is intended to be USD-pegged, but a peg is not guaranteed.
What are Circuit's borrowing fees and collateral requirements?
The borrowing rate, fees, collateral requirements and liquidation threshold are not published. Check the borrowing interface and confirm the terms before opening a position.
Can I lose my collateral on Circuit?
Borrowers can face liquidation if the value of their XCH collateral falls too far relative to their debt. Circuit's specific liquidation rules are not published, so review the current terms before borrowing.
Is Circuit a gambling site?
Circuit is a crypto borrowing protocol, not a gambling service. For any gambling product, check that online gambling is legal where you live, and only participate if you are 18 or older.
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How we checked
Sources
Last updated . Spotted an error? Tell us and we will correct it.