🗒️Depositing

How do I deposit?

To make a deposit, go to the "Deposit" section and select the asset you wish to deposit. Choose the amount you want to deposit and initiate the transaction. Once it is confirmed, your deposit will be recorded and you will start earning interest.

*Note that the first deposit of a specific asset will require an additional approval step.

Phiat depositors receive continuous deposit interests that evolve with market conditions. Every asset has its unique market of supply and demand, and its Annual Percentage Yield (APY) fluctuates over time.

Can I opt-out my asset from being used as a collateral?

Yes, you have the option to exclude certain assets from being employed as collateral after making a deposit. This option can be accessed in the "Deposit" section of your account dashboard, where you may toggle the "Collateral" switch for the specific asset you wish to exempt from collateral utilization.*It is possible to withdrawl one's assets, provided that said assets are not being employed as collateral for an ongoing loan and the act of withdrawal does not result in the trigger of a liquidation event in regards to said loans.

How do I withdraw?

To initiate a withdrawal, access the "Withdraw" section within the dashboard and select the amount to be withdrawn. Proceed with the submission of the transaction.

Why is my coin not listed?

The absence of certain tokens might spark some disappointment. This may stem from inadequate internal evaluation, which considers elements such as liquidity, the asset's lifespan, and adherence to internal standards. Our aspiration is to present only the most impeccable assets and refrain from those that are ephemeral in nature. We will persistently strive to maintain a harmonious balance between our internal standards and the demands of the community ensuring that both the protocol and users are safeguarded from undue risk. It is crucial to keep in mind that one should not harbor any expectations regarding the introduction of new tokens.