Supply USDC
Learn how to lend USDC on Base from CCTP-supported networks
Last updated
Learn how to lend USDC on Base from CCTP-supported networks
Last updated
Start earning a variable interest rate and rewards by lending USDC to Moonwell on Base.
To get started, connect a wallet to Moonwell
Hold native USDC on one of the CCTP-supported networks.
Base
Ethereum
OP Mainnet
Polygon
Arbitrum
Avalanche
Base is the liquidity hub of USDC Anywhere. To get started, let's navigate to USDC on Base.
Option 1
Navigate to "Markets"
Locate USDC on Base and click "Supply"
You will be directed to the "Lend" page for USDC on Base
Navigate to "Lend"
Select USDC on Base from the "Supply" asset list (if it not already selected)
Confirm USDC on Base is selected in the "Supply" modal
With USDC on Base now displayed, a message will appear in the "Supply" modal, notifying you that "This market supports cross-chain transfers."
Below this message, you will find a "Network Selector" tool. This tool enables users to choose the network from which you want to supply USDC. Click on the displayed network next to "From" to select a different network than the one currently shown.
USDC contract addresses on each network can be found by hovering over the information tooltip inside the Network Selector. Additionally, block explorer links have been provided for easy lookups.
Enter the amount of USDC to be supplied and click "Supply".
A window will appear asking to accept and approve multiple transactions. Simply follow the steps provided and wait for the transactions to complete.
To monitor the progress of the cross-chain transfer, you can utilize SocketScan. Click on "View on SocketScan" located next to the "Estimated Time Remaining" to access the transfer details on SocketScan.
You can click on any of the "Processing" or "Completed" statuses with external link symbols to be redirected to the onchain transactions executed in each step.
Once you have completed all of the steps, USDC will have been successfully supplied to Moonwell on Base from your chosen network.
Circle's CCTP charges a fee of approximately 0.4 USDC for each transfer. This fee is deducted from the bridged amount of USDC that you receive on Base.
Refuel, developed and maintained by Socket, is a solution designed to address the problem of gas token insufficiency when bridging tokens to a new network.
With Moonwell, Refuel is automatically enabled for all cross-chain transfers if you do not have any gas tokens on the destination network.
Gas tokens are a necessity to pay for transactions on every network. Refuel prevents situations where user funds are left stranded on a network without the ability to interact with them. If the system detects a lack of gas tokens, disabling Refuel is not possible and the cross-chain transfer will not continue.
If you do not have enough gas tokens on the origin network, a red message will appear, informing you that your wallet has run out of gas tokens for that network.