Lynn Brooke40 Acres - Overview
40 Acres introduces a new era of utility for veNFT holders, going beyond voting to unlock liquidity, automation, and passive income. Designed for users of veAERO and veVELO, this protocol enhances the way you interact with your locked assets - allowing you to borrow against them, automate compounding of rewards, and earn through lending. 🔍 What you will find in this article:What you need.Borrowing with veNFTs (without liquidation risk).How auto-compounding works.Earning yield through USDC le...
Lynn BrookeGetting Started with Rabby Wallet Mobile App
After familiarizing yourself with installing and starting the Rabby browser extension and the Rabby Desktop app, it's time to explore the Rabby Wallet's mobile application. Expanding the Rabby Wallet ecosystem to mobile devices enhances accessibility and convenience for managing digital assets on the go. This guide will specifically focus on importing a MetaMask address and adding a watch-only address. Quick Safety Tip for Mobile Wallets: When using mobile wallets, consider keeping ...
Lynn BrookeBridging xVELO to VELO: A Simple Guide
With Velodrome expanding as the Superchain hub, it has introduced xVELO as the token for non-Optimims networks like Ink, Soneium, and Mode. However, if you are looking to convert xVELO into VELO on Optimism, this guide will walk you thorugh two methods to get it done efficiently. 📌 What you will find in this article:How to swap xVELO to VELO using Velodrome’s native swap feature.How to use vFAT Tools as an alternative method.Useful tips for a smooth conversion process.✅ What you need:A walle...
✨Lynn Brooke exploring DeFi's world✨ Here I share simple how-to's from my experiences, easing the way for fellow DeFi explorers
Lynn Brooke40 Acres - Overview
40 Acres introduces a new era of utility for veNFT holders, going beyond voting to unlock liquidity, automation, and passive income. Designed for users of veAERO and veVELO, this protocol enhances the way you interact with your locked assets - allowing you to borrow against them, automate compounding of rewards, and earn through lending. 🔍 What you will find in this article:What you need.Borrowing with veNFTs (without liquidation risk).How auto-compounding works.Earning yield through USDC le...
Lynn BrookeGetting Started with Rabby Wallet Mobile App
After familiarizing yourself with installing and starting the Rabby browser extension and the Rabby Desktop app, it's time to explore the Rabby Wallet's mobile application. Expanding the Rabby Wallet ecosystem to mobile devices enhances accessibility and convenience for managing digital assets on the go. This guide will specifically focus on importing a MetaMask address and adding a watch-only address. Quick Safety Tip for Mobile Wallets: When using mobile wallets, consider keeping ...
Lynn BrookeBridging xVELO to VELO: A Simple Guide
With Velodrome expanding as the Superchain hub, it has introduced xVELO as the token for non-Optimims networks like Ink, Soneium, and Mode. However, if you are looking to convert xVELO into VELO on Optimism, this guide will walk you thorugh two methods to get it done efficiently. 📌 What you will find in this article:How to swap xVELO to VELO using Velodrome’s native swap feature.How to use vFAT Tools as an alternative method.Useful tips for a smooth conversion process.✅ What you need:A walle...
✨Lynn Brooke exploring DeFi's world✨ Here I share simple how-to's from my experiences, easing the way for fellow DeFi explorers
Subscribe to Lynn Brooke
Subscribe to Lynn Brooke
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
In the previous article, we covered how to deposit assets into Isolated Markets on Moonwell. Now, let’s explore how to borrow assets using your supplied collateral within these unique lending pools.
What you will find in this article:
What you need:
A connected wallet.
Supplied assets as collateral on the specific Isolated Market.
How to Borrow on Isolated Markets
1)Access the Borrowing menu:
Option A: if you are managing your Isolated Market position, navigate to the “Borrow” tab within the modal.
Option B: from the “Markets” page, locate your supplied Isolated Market. The “Borrow” button will be activated - click on it to proceed.
2)Select borrowing parameters:
Enter the amount you wish to borrow.
Review the details, including the updated Credit Remaining and the impact on your collateral.
3)Confirm and Finalize:
Once the amount is set, confirm the transaction in your wallet.
After the transaction is completed, the borrowed assets will be sent directly to your wallet.
4)Credit Remaining:
Note that the Credit Remaining is exclusive to each Isolated Market and doesn’t affect your borrowing capacity in Core Markets (“usual” lending pools). Regularly check this to manage your position effectively.
By following these steps, you can efficiently borrow assets on Moonwell’s Isolated Markets. This borrowing mechanism offers tailored opportunities while maintaining the stability and security of your investments.
Lynn Brooke
This article serves educational purposes and is not financial advice. We encourage you to do your own research and be responsible for your actions in the financial space.
In the previous article, we covered how to deposit assets into Isolated Markets on Moonwell. Now, let’s explore how to borrow assets using your supplied collateral within these unique lending pools.
What you will find in this article:
What you need:
A connected wallet.
Supplied assets as collateral on the specific Isolated Market.
How to Borrow on Isolated Markets
1)Access the Borrowing menu:
Option A: if you are managing your Isolated Market position, navigate to the “Borrow” tab within the modal.
Option B: from the “Markets” page, locate your supplied Isolated Market. The “Borrow” button will be activated - click on it to proceed.
2)Select borrowing parameters:
Enter the amount you wish to borrow.
Review the details, including the updated Credit Remaining and the impact on your collateral.
3)Confirm and Finalize:
Once the amount is set, confirm the transaction in your wallet.
After the transaction is completed, the borrowed assets will be sent directly to your wallet.
4)Credit Remaining:
Note that the Credit Remaining is exclusive to each Isolated Market and doesn’t affect your borrowing capacity in Core Markets (“usual” lending pools). Regularly check this to manage your position effectively.
By following these steps, you can efficiently borrow assets on Moonwell’s Isolated Markets. This borrowing mechanism offers tailored opportunities while maintaining the stability and security of your investments.
Lynn Brooke
This article serves educational purposes and is not financial advice. We encourage you to do your own research and be responsible for your actions in the financial space.
No activity yet