Depositing


Supplying / Depositing assets
  1. Click on the MARKETS tab on the menu and click on "Supply"
  2. Select the type of asset from the drop box menu in the "Supply" dashboard
  3. Enter the desired amount to deposit and click "Deposit"
  4. Once the transaction is confirmed, the deposit is successfully registered and it starts earning interest.
  5. MLTokens will be deposited into your wallet as a representation of your supplied asset into the protocol

There are no minimum or maximum deposits imposed. Users can deposit any amount.

Withdrawals

To withdraw, locate the WITHDRAW button under the "Supply" dashboard and click on WITHDRAW on the selected asset.

Select the amount to withdraw and submit the transaction.

Users can withdraw assets as long as those funds are not actively being used to borrow and withdrawal of those assets would not cause a liquidation on your loans.

Earning

Depositors will receive continuous earnings (interest) on their assets that algorithmically adjusts based on market conditions. Each asset has its own market of supply and demand with its corresponding APY (Annual Percentage Yield) which changes over time.

The ML Token is a representation of the user's asset balance supplied to the MoonLend protocol. It is received in the wallet for supplying assets to the protocol and functions to accrue value relative to the original asset through the token's interest rate.