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On this page
  • About
  • Prerequisites
  • How to Supply
  • Step 1: Selecting Asset to Supply
  • Step 2: Completing Deposit Transaction
  1. Moonwell Overview
  2. Lend

Supply

Learn how to lend your digital assets on Moonwell

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Last updated 3 months ago

About

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

Prerequisites

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

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

    • All supported assets are listed in .

How to Supply

Step 1: Selecting Asset to Supply

  1. Navigate to ""

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

Step 2: Completing Deposit Transaction

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

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

  1. Wait for the transaction to complete.

  2. 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.

🤝
Wallet Connection
Markets
Markets
Clicking "Supply" will direct you to the "Lend" page of the desired asset.
Enter the desired amount to supply
Review the transaction details before clicking "Confirm Supply"