Supply
Supplying assets to third-party protocols through WLFI Markets allows you to earn potential rewards and use your supplied assets as collateral for borrowing. This guide walks you through the complete process of supplying assets to WLFI Markets.
Overview
When you supply assets using the WLFI Markets interface, you:
Earn Potential Rewards: Potentially receive rewards on your supplied assets
Enable Borrowing: Use your supplied assets as collateral to borrow other assets
Earn USD1 Points: Accumulate points when supplying USD1
Flexible Access: Withdraw your supplied assets at any time, subject to available liquidity
Prerequisites
Before supplying, ensure you have:
A compatible Web3 EVM wallet (MetaMask, Phantom, Binance Wallet, OKX Wallet, or others)
Sufficient assets in your wallet to supply
ETH in your wallet to cover gas fees for the transaction
Your wallet connected to the Ethereum network
Step 1: Navigate to the dashboard
Visit the WLFI Markets application and navigate to the Dashboard page. You can access it directly by clicking "Dashboard" in the top navigation bar.
Before connecting your wallet, you'll see the available assets to supply and borrow, along with their current rates.
Step 2: Connect your wallet
Click the Connect wallet button in the center of the page or in the top-right corner of the navigation bar. A modal will appear with a list of supported wallet providers.
Select your preferred wallet from the available options.
After selecting your wallet, complete the following connection steps:
1. Wallet connection request
Your wallet will prompt you to connect. Open your wallet extension to approve the connection.
2. Sign in with Ethereum
After connecting, you'll be asked to sign a message to verify wallet ownership. Click "Sign In" to proceed.
3. Awaiting confirmation
The application will wait for you to confirm the signature in your wallet.
Accept Terms of Service
On your first visit or when the Terms of Service have been updated, you'll be prompted to read and accept the third-party Terms of Service. Scroll through the terms to review them fully.
Once you've read the terms, click the "Agree and sign" button. Your wallet will prompt you to sign a message confirming your acceptance.
Once connected and terms accepted, the dashboard will update to show your personal balances and positions.
Step 3: Select the asset to supply
Once your wallet is connected, the dashboard displays your wallet balances for each asset in the "Available to supply" section.
Review the available assets and their details:
Asset
The token name and icon
Wallet balance
Your current wallet balance and USD value
Supply rate
The reward rate you'll earn
Can be collateral
Whether the asset can be used as collateral for borrowing
Locate the asset you want to supply and click the Supply button next to it.
Important: Ensure you have sufficient ETH in your wallet to cover gas fees. If your wallet shows a zero balance for all assets, you'll need to fund your wallet before proceeding.
Step 4: Enter the amount and review the transaction
After clicking Supply, a modal appears where you can specify your supply details:
Enter the supply amount
Enter the amount you want to supply in the input field
The USD equivalent value is displayed below the amount
Click "Set max" to supply your entire wallet balance of that asset
Review the transaction overview
Before confirming, review the transaction details:
Supply rate
The current rate you'll earn on this supply
Collateral ratio
How your collateral ratio will change after the supply
Gas fee
The estimated transaction cost in ETH and USD
Token approval
For assets other than ETH, you'll need to approve the token spending for each supply. Click the "Approve [Asset] to continue" button and confirm the approval transaction in your wallet.
Step 5: Complete the supply
Once the token is approved, review the final transaction details and complete your supply:
Click the "Supply [Asset]" button (e.g., "Supply USD1")
Confirm the transaction in your connected wallet
Wait for the transaction to be processed on the Ethereum network
After the transaction is confirmed, you'll see a success message with the details of your supply:
Once complete:
Your supplied asset will appear in the "My supplies" section on the dashboard
Your Net worth and Collateral ratio will update accordingly
You'll start earning supply rewards immediately
Your USD1 Points will begin accumulating (if applicable)
Success! Your assets are now supplied to WLFI Markets. You can view your position on the Dashboard and track your earnings in real-time.
Understanding your position
After supplying, the Dashboard displays your position details:
Net worth
Total USD value of your supplied assets minus borrowed assets
Net rate
The combined effect of all supply and borrow positions on net worth, including incentives. It is possible to have a negative net rate if debt rate is higher than supply rate
Collateral ratio
Your collateral ratio and loan to value determine the assurance of your collateral. To avoid liquidations you can supply more collateral or repay borrow positions
USD1 Points
Points accumulated from supplying USD1
What's next?
Now that you've supplied assets to WLFI Markets, you can:
Borrow - Use your supplied collateral to borrow other assets
Withdraw - Remove your supplied assets when needed
Activity - Track your transactions and position history
Rewards - View your USD1 Points based on your engagement in the protocol
Additional resources
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