Amply Finance
  • Introduction to Amply
    • What is Amply Finance?
    • Why Amply Finance?
    • How does Amply Finance Work?
  • Tokenomics
    • Tokenomics Details
    • preAMP Conversion Scheme
    • AMPLY Token Offering
  • Using Amply Finance
    • How to use Amply Finance
    • Supplying Tokens
    • Borrowing Assets
    • Repaying Loans
    • Withdrawing Assets
    • Claiming $AMPLY Rewards
    • Staking AMPLY
      • Withdrawing AMPLY
      • Upgrade AMPLY
      • Claim AMPLY rewards
    • Converting preAMP to AMPLY
    • Claiming vETH and vUSD Rewards
  • Efficiency Mode
    • Activating eMode
    • Using Collateral and Borrowing Tokens in eMode
    • Repaying Debt and Withdrawing Collateral in eMode
    • Deactivating eMode
  • Interest Rate Model
    • Borrow interest rate
    • Supply rate
  • Health Factor and Loan-to-Value Ratio (LTV)
  • Liquidations
    • Liquidation Simulator
  • Yield Opportunity
  • Yield Matrix
    • Using the Yield Matrix
  • Asset Listings and Risk Management
    • Asset Listing Criteria
    • Supported Assets and Parameters
  • Information
    • Smart Contract Addresses
    • Paymaster
    • Amply Finance Terminology
    • Contact Us
    • Brand Assets
    • Audits
    • Risk Disclosure
    • AMA Transcript
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  1. Using Amply Finance

Supplying Tokens

PreviousHow to use Amply FinanceNextBorrowing Assets

Last updated 9 months ago

Supplying your crypto assets to Amply's lending pools allows you to earn interest on your holdings. Here's how to get started:

  1. Connect your Wallet: Ensure your preferred wallet is connected to Amply Finance.

  1. Pull up the Supply/Borrow modal and click “Supply collateral”.

  1. Choose an Asset: Select the crypto asset you want to deposit from the list of supported assets.

  1. Enter Deposit Amount: Specify the amount of the chosen crypto asset you want to supply.

  1. 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.