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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Withdrawing from Vaults in Moonwell is just as crucial as depositing, ensuring you have control over your assets and yields. In this guide, we’ll talk through the withdrawal process from Moonwell Vaults.
What you will find in this article:
What you need:
Wallet: ensure your wallet is connected to Moonwell.
Open Vault: you need to have an open vault position. To know how to do this, you can read my latest article “Deposit in Moonwell Vaults”.
How to proceed with withdrawal:
1)Access the Vault management page:
Option A: Via Portfolio
Go to the “Portfolio” section.
Locate “Open Positions” to find your active vaults.
Click on the “Withdraw” button next to the vault. Moonwell will redirect you to the Vault management page.
Option B: Via Vaults menu
Click on “Vaults” from the top menu.
Find the vault you wish to withdraw from and click “Deposit”. This action will redirect you to the Vault management page, but you will need to switch the modal drom “Deposit” to “Withdraw”.
💡Note: regardless of the option you choose, both will direct you to the same vault management interface.
2)Specify the withdrawal amount: enter the amount you wish to withdraw or click “MAX” to withdraw your entire balance.
3)Confirm the transaction in your wallet and wait for the process to complete.
4)Once confirmed, your withdrawal will be successful, and the assets will be back in your wallet.
❗️Important: ensure there is sufficient liquidity available in the vault before attempting to withdraw. Withdrawals will only be successful if adequate liquidity exists; otherwise, the transaction will fail- If liquidity is low, you may need to wait until more becomes available, either through new deposits or repayments by borrowers in Morpho Markets.
By following these steps, you can manage your withdrawals effectively, keeping your assets accessible and maximizing your returns from Moonwell vaults.
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.
Withdrawing from Vaults in Moonwell is just as crucial as depositing, ensuring you have control over your assets and yields. In this guide, we’ll talk through the withdrawal process from Moonwell Vaults.
What you will find in this article:
What you need:
Wallet: ensure your wallet is connected to Moonwell.
Open Vault: you need to have an open vault position. To know how to do this, you can read my latest article “Deposit in Moonwell Vaults”.
How to proceed with withdrawal:
1)Access the Vault management page:
Option A: Via Portfolio
Go to the “Portfolio” section.
Locate “Open Positions” to find your active vaults.
Click on the “Withdraw” button next to the vault. Moonwell will redirect you to the Vault management page.
Option B: Via Vaults menu
Click on “Vaults” from the top menu.
Find the vault you wish to withdraw from and click “Deposit”. This action will redirect you to the Vault management page, but you will need to switch the modal drom “Deposit” to “Withdraw”.
💡Note: regardless of the option you choose, both will direct you to the same vault management interface.
2)Specify the withdrawal amount: enter the amount you wish to withdraw or click “MAX” to withdraw your entire balance.
3)Confirm the transaction in your wallet and wait for the process to complete.
4)Once confirmed, your withdrawal will be successful, and the assets will be back in your wallet.
❗️Important: ensure there is sufficient liquidity available in the vault before attempting to withdraw. Withdrawals will only be successful if adequate liquidity exists; otherwise, the transaction will fail- If liquidity is low, you may need to wait until more becomes available, either through new deposits or repayments by borrowers in Morpho Markets.
By following these steps, you can manage your withdrawals effectively, keeping your assets accessible and maximizing your returns from Moonwell vaults.
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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