Supply
Last updated
Last updated
At Yei Finance, depositing assets into our lending pool allows you to earn interest. Simultaneously, these assets act as collateral, enabling the borrowing of additional assets.
To start supplying assets at Yei Finance, first access the dashboard where you can manage your assets and monitor your earnings. Follow these straightforward steps:
Access the Dashboard: Visit the Yei Finance platform and navigate to the dashboard. This is your hub for asset management and tracking returns.
View Available Markets: On the left side of the dashboard, check the "Assets To Supply" list to see which markets are available.
Select the Asset: Choose the asset you wish to supply as collateral, and click “Supply”.
Specify the Amount: You can enter the amount manually or use the max option to select the amount you wish to deposit.
Review Terms: Before finalizing, review the Annual Percentage Yield (APY), Gas Fee, and Health Factor associated with the asset.
Confirm Transaction: Click the "Supply Asset" button to complete the supply process.
Supply caps define the maximum amount of an asset which can be supplied to the protocol. Supply caps can be used to limit the protocol’s exposure to riskier assets and protect against infinite minting exploits. A supply cap is an optional parameter, and the value will depend on on-chain liquidity of the asset and total volume of collateral assets in the pool.
