Supplying Tokens
Supplying your crypto assets to Amply's lending pools allows you to earn interest on your holdings. Here's how to get started:
Connect your Wallet: Ensure your preferred wallet is connected to Amply Finance.
Pull up the Supply/Borrow modal and click “Supply collateral”.
Choose an Asset: Select the crypto asset you want to deposit from the list of supported assets.
Enter Deposit Amount: Specify the amount of the chosen crypto asset you want to supply.
Confirm Supply: Approve and finalize the transaction to add your assets to the lending pool.
Note:
aTokens: Upon supplying your assets, you'll receive aTokens in return to track your deposits and the interest you've earned from your wallet. These aTokens are rebasing, meaning the interest accrued is reflected by the increasing balance of aTokens in your wallet over time.
Key Points to Remember:
Interest rates can fluctuate based on market conditions.
You can redeem your original crypto assets at any time.
aTokens are a representation of your investment and its growth.
By supplying your assets to Amply, you contribute to the platform's liquidity while earning rewards. Now, let’s look into how you borrow assets in the next section.
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