Deposit
Learn how to lend and earn with Moonwell
Lend your assets to start earning a variable interest rate.
- 1.
- To get started, connect a wallet to the protocol.
- 2.Hold an asset(s) that is supported by Moonwell.
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- 2.With the "Supply" modal selected, choose the asset you want to deposit from the dropdown menu.
To reveal all assets, simply use the down arrow inside the asset button.
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- 1.Click "Supply" on the asset you want to deposit. In this example, the GLMR token has been chosen.
Clicking "Supply" will direct you to the "Lend" page of the desired asset.
- 1.With the "Supply" modal selected, enter the amount to be deposited (supplied).
Enter the desired amount to deposit into the protocol.
- 2.Click "Deposit"
Click "Deposit" after selecting the amount you want to deposit.
- 3.Review the transaction details and click "Confirm Deposit".
Click "Confirm Deposit" and approve the transaction in your wallet. Once executed, you're done!
- 4.Wait for the transaction to execute.
- 5.Congratulations! You have successfully deposited to the protocol.
Once the transaction is confirmed, you will receive mTokens in exchange for the tokens you deposited into the protocol. mTokens are transferrable yield-bearing ERC-20 tokens that represent a user's position within the protocol.
Every asset supported by the protocol has its own corresponding mToken. For instance, mGLMR represents the minted version of Moonbeam's GLMR token.
Last modified 1mo ago