Browse to the "Deposit" section and click on "Deposit" for the asset you want to deposit. Select the amount you'd like to deposit and submit your transaction*. Once the transaction is confirmed, your deposit is successfully registered and you begin earning interest.
* The first deposit of one asset will require an additional approval transaction.
bTokens holders receive continuous earnings that evolve with market conditions based on:
- The interest rate payment on loans - depositors share the interests paid by borrowers corresponding to the average borrow rate times the utilisation rate. The higher the utilisation of a reserve the higher the yield for depositors.
- Flash Loan fees - depositors receive a share of the Flash Loan fees corresponding to .09% of the Flash Loan volume.
Each asset has its own market of supply and demand with its own APY (Annual Percentage Yield) which evolves with time. You can find the average annual rate over the past 30 days to evaluate the rate evolution, and you can also find more data on the reserve overview of each asset in the home section on the app.
You can deposit any amount you want, there is no minimum or maximum limit. Still, it's important to take into account that for really low amounts it is possible that the transaction cost of the process is higher than the expected earnings. It is recommended that you consider this when depositing very low amounts.
To withdraw you need to go to the "Deposit" section in the dashboard and click on “Withdraw”. Select the amount to withdraw and submit the transaction. Also, you can use your “bTokens" as liquidity without withdrawing.
Yes. After depositing your assets, you are able to unselect the asset so that it will not be used as collateral. The opt-out is available in the "Deposit" section within your dashboard. Simply switch the "use as collateral" button on the asset you would prefer to opt-out from being used as a collateral.
* You can withdraw your assets without opting out of using them as collateral, as long as those funds are not actively being used to borrow and the withdrawal would not cause a liquidation on your loans.