Provident Capital
  • Protocol Information
    • Deposit
      • How to Deposit
      • hTokens
      • Withdraw assets
    • Borrow
      • How to Borrow
      • Health Factor
      • Loan Repayment
      • Liquidations
      • Flash Loans
      • Interest Rate Model
    • Phase 1 - Boosted Emission Phase
    • Phase 2 - Token Generation Event
      • Provident Liquidity (pLP)
      • pLP Liquidity Options
      • Zapping pLP
      • Staking and Revenue Sharing
      • Managing pLP
    • Tokenomics
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  • How to Deposit
  • Collateral
  1. Protocol Information
  2. Deposit

How to Deposit

PreviousDepositNexthTokens

Last updated 1 year ago

How to Deposit

From the Markets page, select the asset you wish to deposit.

This will initiate the asset to supply screen, then click "Supply."

Select the desired deposit amount and click continue to submit your transaction. Once the transaction is confirmed, your deposit is successfully registered.

The first deposit of an asset will require an additional one-time approval transaction.

Collateral

All deposits are enabled as collateral by default. An opt-out option for each asset is available in the "Deposits" section on the Dashboard page. Simply toggle the "Collateral" button on the asset you prefer to withhold from use as collateral and confirm the transaction.

After depositing an asset, you can determine whether or not to utilize it as collateral. A collateralized asset will activate your borrowing power but will be made available to be partially liquidated should your balance become insolvent (see ). You can enable collateralization on the asset details page and the Dashboard (pictured below).

Liquidation
All deposits are enabled as collateral by default!