Lend / Borrow
Supply assets to Enclabs such as S, ETH, USDC, BTC, Pendle PTs... and earn a variable interest rate paid by borrowers !
Interest is compounded into your position at each block.
Lending assets
To start earning interest by supplying assets, follow these steps:
Connect via MetaMask, Rabby or another any supported wallet to the Enclabs Finance app.
Go to the "Dashboard" page
Choose the specific asset you wish to supply. For instance, if you want to supply USDC, click on the USDC market.
On the "Supply" tab, specify the amount you want to supply and approve the chosen asset. This action will trigger a transaction confirmation in your wallet. Be aware that a small gas fee applies, so ensure that you have some S available in your wallet.
Supply your selected asset that will be directly transferred from your wallet to Enclabs, instantly earning you interest every block.
The earned interest is automatically added to your Supply Balance !
Borrowing assets
After supplying your assets, the next step is to activate them for use as collateral.
You can accomplish this by going to the "Supply" tab of a market asset and clicking on Collateral button. This action will trigger a transaction confirmation in your wallet.
You can also activate the collateral of a asset market you supplied from your "Account" page
Click on the "Borrow" tab, specify the amount you intend to borrow and validate the transaction in your wallet. A pop-up will appear, confirming a successful transaction.
After successfully completing these steps, you can then review your supply and borrow balances by clicking on your "Account" page, or "Dashboard" and "Asset market" page.
Last updated