Supply and withdraw

In future updates, ElaraLend will introduce ElaraVault, offering an additional option for users to supply ETH with optimized yield strategies across the protocol.

Supplying

There are no minimum or maximum limits for supplying assets on ElaraLend, allowing users complete freedom in managing their investments. To supply assets:

1. Connect your wallet to the Zircuit L2 network and ElaraLend platform.

2. Choose the asset you wish to supply from the main market or satellite pools.

3. Enter the amount you want to supply.

4. Review and confirm the transaction in your wallet.

Enable the use of assets as collateral

Users have the option to use their deposited assets as collateral for borrowing. This feature is accessible through the "Portfolio" page in the "My supply" section, where users can toggle their assets to serve as collateral. Once enabled, the borrow limit is automatically adjusted according to the collateral value. This functionality provides users with the flexibility to leverage their assets efficiently while managing their borrowing needs.

Earning Interest

Depositors on ElaraLend benefit from continuous earnings as their supplied assets accrue interest over time. The interest rates are dynamically adjusted based on each asset's market conditions, ensuring that depositors receive competitive returns. As part of the supply process, users receive eTokens (such as eBTC, eETH), which represent their supplied assets. The value of these eTokens increases over time, reflecting the accumulated interest.

Withdrawing

Users can withdraw their assets at any time, provided that these assets are not currently being used as collateral for loans. Additionally, withdrawals should be made with the consideration that they do not trigger a liquidation event on existing loans. To withdraw:

1. Access your ElaraLend portfolio page.

2. Select the asset you wish to withdraw.

3. Enter the withdrawal amount.

4. Review and confirm the transaction.