↪How to Lend on HyperLend
Last updated
Last updated
Navigate to the "Supply" section of the HyperLend platform.
Select the asset you wish to supply and click on "Supply."
Specify the amount you intend to supply and submit your transaction.
Note: The initial supply of an asset requires an additional approval transaction.
Once your transaction is confirmed, your supply is successfully registered, and you begin earning interest immediately.
Interest Rate Payments: Earnings are derived from the interest paid by borrowers. Suppliers receive a share of these payments based on the average borrow rate multiplied by the utilization rate. Higher reserve utilization results in higher yields for suppliers.
Flash Loan Fees: Suppliers also earn a portion of the Flash Loan fees, which are currently set at 0.05% of the Flash Loan volume.
Each asset on HyperLend has its own market dynamics, influencing its Annual Percentage Yield (APY). The average annual rate over the past 30 days is available for evaluating rate trends, and additional data can be accessed in the reserve overview section of the platform.
There is no minimum amount required to supply. However, it is prudent to consider transaction costs, as they may exceed the earnings for very low supply amounts.
HyperLend employs a supply cap parameter, which is governed by HyperLend Governance. This cap limits the total amount of an asset that can be supplied.
Users can borrow at either a stable or variable rate for each asset, but not both simultaneously. Switching rates will apply to the entire debt on that asset. However, different assets can have different borrow rates.
Access the "Dashboard" section and select "Withdraw."
Choose the amount you wish to withdraw and submit the transaction.
You can use your supplied assets as liquidity without withdrawing. Ensure sufficient liquidity is available (i.e., not borrowed by others) to complete a withdrawal. If liquidity is insufficient, you must wait for more supply or borrower repayments.
After supplying assets, you can opt out of using them as collateral. This option is available in the "Supply" section of your dashboard. Toggle the "use as collateral" button off for the specific asset you wish to exclude from collateral use.
You can withdraw assets without opting out, provided they are not actively used for borrowing and their withdrawal does not trigger a liquidation of your loans.
By following these guidelines, you can effectively manage your supplies, earnings, and collateral on HyperLend, ensuring a streamlined and efficient experience on the platform.
