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papers/lux-credit-lending/sections/17-appendix-c-mpc-integration-pseudocode.tex
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\section{Appendix C: MPC Integration Pseudocode}
\begin{lstlisting}[language=Python, basicstyle=\footnotesize\ttfamily]
# BTC deposit via M-Chain threshold custody
def deposit_btc_collateral(btc_amount, user_address):
# Generate threshold custody address
custody_address = mchain.generate_threshold_address(
threshold=15,
total_validators=21,
network="bitcoin"
)
# User sends BTC to custody address
btc_tx = user.send_btc(btc_amount, custody_address)
# Wait for confirmations
await btc.wait_for_confirmations(btc_tx, required=6)
# Verify on M-Chain
proof = mchain.create_spv_proof(btc_tx)
verified = mchain.verify_btc_deposit(proof)
if verified:
# Calculate max loan at 80% LTV for BTC
max_loan = btc_amount * btc_price * 0.80
# Create Lux Credit loan
loan_id = lux_credit.create_loan(
collateral_asset="BTC",
collateral_amount=btc_amount,
loan_amount=max_loan,
custody_proof=proof
)
return loan_id
\end{lstlisting}