Supply / Withdraw
Eralend allows users to earn a variable interest rate on their cryptocurrency deposits based on supply, demand, and smart contract-set interest rate models. These deposits provide liquidity pools for borrowers and also serve as collateral.
Currently, the platform supports USDC & ETH market.
This section will explain the supply/withdrawal flow:
Supply:
Select a token from the market and click on the corresponding row.
Enter the desired deposit amount and click the "Supply" button.
Confirm the transaction and wait for it to be processed. Your deposit is now successful and will start earning interest.
Upon successful deposit, IOU token (nTokens) representing your supplied asset will be deposited into your wallet.
Withdraw:
Go to the Eralend Dashboard.
Find the asset you want to withdraw and click on the "Withdraw" button next to it.
Enter the amount you want to withdraw or select "max" to withdraw all.
Click the "Withdraw" button and confirm the transaction.
Wait for the transaction to be processed. Once it's successful, you will receive your withdrawn asset and interest in your wallet.
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