Supply

Learn how to lend your digital assets on Moonwell

About

Lend your assets to start earning a variable interest rate and rewards.

Prerequisites

1. Wallet Connection

   • To get started, connect a wallet to the Moonwell app.

2. Hold an asset(s) that is supported on Moonwell.

   • All supported assets are listed in Markets.

How to Supply

Step 1: Selecting Asset to Supply

Option 1

1. Navigate to "Lend".

2. With the "Supply" modal selected, choose the asset you want to supply from the dropdown menu.

To reveal all assets, click the asset button

Option 2

1. Navigate to "Markets"

2. Click "Supply" on the asset you want to lend.

Clicking "Supply" will direct you to the "Lend" page of the desired asset.

Step 2: Completing Deposit Transaction

1. With the "Supply" modal selected, enter the amount to be supplied.

Enter the desired amount to supply

2. Click "Supply", then "Confirm Supply" in the pop-up window.

Review the transaction details before clicking "Confirm Supply"

4. Wait for the transaction to complete.

5. Congratulations! You have successfully supplied assets to Moonwell.

Once the transaction is confirmed, you will receive mTokens in exchange for the tokens you have supplied to Moonwell. mTokens are transferable, yield-bearing ERC-20 tokens that represent a user's position on Moonwell.

Every asset supported by Moonwell has its own corresponding mToken. For instance, mGLMR represents the minted version of Moonbeam's GLMR token.