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Liquidity Provider

Lending Out USD on Our Protocol: A Step-by-Step Tutorial

Introduction

In this tutorial, we will guide you through the process of lending out USD on our protocol. Our platform offers a user-friendly experience for both retail and institutional lenders, allowing you to earn competitive yields on your assets.

Step 1: Deposit USD

To lend out USD, you need to deposit the desired amount into your account on the platform.

Step 2: Access the Funding Book

Navigate to the funding book on the platform. Here, you will find bids to borrow on the left and offers to lend on the right. The price of the order book represents the rate of the underlying loan.

Step 3: Place an Offer or Accept a Bid

As a lender, you can either place an offer to lend at a specific rate or accept an existing bid from a borrower. If you choose to take a market lend, click on the corresponding button and approve the transaction.

Step 4: Wait for the Transaction to Process

Once you have approved the transaction, it will take some time for the platform to match you with a counterparty and process the loan. The platform runs multiple synchronous jobs to facilitate automation.

Step 5: Review Loan Details

After the loan is processed, you will see the details of the loan, including the fixed interest rate, loan amount, borrower, and lender (you). The platform allows for fixed rates and known counterparties, which are essential for improving APY, creating market-driven pricing, and facilitating better compliance tooling.

Step 6: Consider Using the Yield Product

If you prefer a more hands-off approach, you can deposit funds into the platform's yield product. Lends will automatically manage your orders for you, keeping your funds rolling in the order books.

Step 7: Monitor Your Account

On your account page, you can view your lent assets, open orders, and counterparties. This is particularly useful for institutional use cases, as it provides a roll-up view of all parties you're exposed to, making it easy to plug in KYC/AML and other compliance tooling.

Step 8: Manage Your Loans

You can keep track of your loans on the platform and make adjustments as needed. The platform also provides automation on the lender side, allowing you to keep your funds actively earning interest.
By following these steps, you can easily lend out USD on our protocol and earn competitive yields on your assets. Our platform offers a seamless lending experience with powerful tools and features designed for both retail and institutional users.