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Quick Start: Lend Assets

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Step 1: Create Your Loan Offer

  1. Choose what to lend: Select the asset and amount (e.g., 1,000 USDC)
  2. Set repayment amount: Specify what you want back (e.g., 1,100 USDC = 10% interest)
  3. Pick loan duration: 1 day, 1 week, or 1 month
  4. Set collateral requirement: Choose the minimum LTV ratio (recommended: 150%)
→ The interface will display your effective APY based on these inputs

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Step 2: Review Your Offer

Verify:
  • Your APY: Is it competitive with current market rates?
  • Collateral ratio: Higher = safer, but may take longer to match
  • Duration: Shorter terms = faster turnaround, but more management
→ Browse the Markets tab to see what other lenders are offering

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Step 3: Confirm Your Offer

  1. Click Create Lend Offer
  2. Approve the transaction in your wallet
→ Your funds are locked immediately and your offer appears in the Markets tab

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Step 4: Wait for a Borrower Match

Your offer stays active until:
  • A borrower accepts your terms, OR
  • You cancel the offer and withdraw funds, OR
  • The expiration time is reached
→ You’ll receive a notification when a borrower fills your offer

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Step 5: Earn Fixed Returns

Once matched:
  • Your repayment amount and date are locked
  • The borrower’s collateral is held in escrow
  • A countdown timer shows when you’ll be repaid
→ No action needed during the loan period

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Step 6: Receive Repayment

On the repayment date:
  • Funds arrive in your wallet automatically
  • The protocol fee (5% during beta) is deducted from your interest earnings
  • Your net profit is displayed in your Dashboard
→ Repayment is fully automated; you don’t need to claim or approve anything

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What If the Borrower Doesn’t Repay?

Your funds are protected by over-collateralization:
  1. Grace period expires: 12-24 hours after the deadline
  2. Liquidation triggered: Anyone can liquidate the borrower’s collateral
  3. You receive: Principal + 2% liquidation bonus
  4. Settlement: Happens automatically via smart contract
The higher collateral ratio you require (e.g., 150% vs 120%), the safer your position is against market volatility.

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Maximizing Your Returns

  • Browse requests first: Borrowers often post requests with higher APY than typical offers
  • Adjust for risk: Require 150%+ collateral for volatile assets like ETH
  • Diversify durations: Mix short-term (1-7 days) and longer loans (30 days)