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
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Lending on Moonwell allows users to deposit assets into dedicated liquidity pools, providing a foundational step before borrowing other assets. This guide will walk you through the lending process on Moonwell, ensuring you can get started with confidence.
What you will find in this article:
What you need:
Wallet
Assets to lend
Step-by-Step: How to Lend on Moonwell
1)Access Moonwell: go to moonwell.fi and click on “Start Lending” or “Launch App” to enter the main page of the Moonwell app.
2)Connect your wallet:
Click on the wallet connection button located on the top right of the page.
Moonwell supports multiple wallets including Coinbase Wallet, Rabby, MetaMask, WalletConnect, TrustWallet, Talisman, and SubWallet.
3)Navigate to “Markets”:
From the top menu, select “Markets” to view all available assets for lending and borrowing on the app.
You can filter the lending pools by clicking on the dropdown labeled “All Markets” to choose between:
Core Markets: standard lending pools available across all networks.
Isolated Markets: specialized pools available only on the Base network (for more details, see my article on Isolated Markets).
Further filter by network (Base, Optimism, Moonbeam, or Moonriver) by selecting from adjacent dropdown. For this guide, we’ll select Base network.
4)Select and asset to supply: click on the “Supply” button next to your desired asset within the lending pool list.
An asset information box will display a detailed market overview.
5)Supply assets:
Enter the amount you wish to supply or click “MAX” to deposit the full available amount in your wallet, then click on “Supply”.
A confirmation box will appear with your supply details. You must approve Moonwell’s permission to operate with your tokens by clicking “Approve Supply”.
6)Confirm the supply transaction on Moonwell by clicking “Confirm Supply”, and then approve the transaction in your wallet.
Congratulations, you’ve successfully supplied assets to Moonwell!
You can now use these assets as collateral to borrow other assets on the platform. For details on how to borrow, see my next article on borrowing with Moonwell.
This guide is intended to provide a straightforward approach to lending on Moonwell, allowing you to confidently navigate the platform and leverage your assets for further financial opportunities.
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.
Lending on Moonwell allows users to deposit assets into dedicated liquidity pools, providing a foundational step before borrowing other assets. This guide will walk you through the lending process on Moonwell, ensuring you can get started with confidence.
What you will find in this article:
What you need:
Wallet
Assets to lend
Step-by-Step: How to Lend on Moonwell
1)Access Moonwell: go to moonwell.fi and click on “Start Lending” or “Launch App” to enter the main page of the Moonwell app.
2)Connect your wallet:
Click on the wallet connection button located on the top right of the page.
Moonwell supports multiple wallets including Coinbase Wallet, Rabby, MetaMask, WalletConnect, TrustWallet, Talisman, and SubWallet.
3)Navigate to “Markets”:
From the top menu, select “Markets” to view all available assets for lending and borrowing on the app.
You can filter the lending pools by clicking on the dropdown labeled “All Markets” to choose between:
Core Markets: standard lending pools available across all networks.
Isolated Markets: specialized pools available only on the Base network (for more details, see my article on Isolated Markets).
Further filter by network (Base, Optimism, Moonbeam, or Moonriver) by selecting from adjacent dropdown. For this guide, we’ll select Base network.
4)Select and asset to supply: click on the “Supply” button next to your desired asset within the lending pool list.
An asset information box will display a detailed market overview.
5)Supply assets:
Enter the amount you wish to supply or click “MAX” to deposit the full available amount in your wallet, then click on “Supply”.
A confirmation box will appear with your supply details. You must approve Moonwell’s permission to operate with your tokens by clicking “Approve Supply”.
6)Confirm the supply transaction on Moonwell by clicking “Confirm Supply”, and then approve the transaction in your wallet.
Congratulations, you’ve successfully supplied assets to Moonwell!
You can now use these assets as collateral to borrow other assets on the platform. For details on how to borrow, see my next article on borrowing with Moonwell.
This guide is intended to provide a straightforward approach to lending on Moonwell, allowing you to confidently navigate the platform and leverage your assets for further financial opportunities.
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.
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