Depositing
This section demonstrates the Supply & Withdraw flow of Bodh
By depositing cryptocurrencies in the platform, users earn a variable interest rate on their deposits determined by the interaction of supply, demand, and smart contract-set interest rate models. User deposits provide the pools of liquidity made available on the platform to borrowers, while also granting the ability to act as collateral.
Currently, there are 5 available assets that you can supply and use as collateral on Bodh Finance: ETH, USDC, BOBA, USDT, and WBTC.
APY: This is the Annual percentage yield, which you receive for supplying assets in the market.
Your Supply: It displays the amount you have supplied (deposited) in the particular market.
Wallet: This shows the current token balance available in your wallet.
Collateral: This column allows you to activate/deactivate any asset as collateral (for borrowing).
Supplying / Depositing assets
You might need to Approve the token, if not approved.
Click on any row in the supply Market
Enter the desired amount to deposit and click "Supply"
Once the transaction is confirmed, the deposit is successfully registered and it starts earning interest.
Bodh Token (bToken) will be deposited into your wallet as a representation of your supplied asset into the protocol
Note: You can use Max if you want to supply all the available tokens in your wallet.
Withdrawals
To withdraw, switch to WITHDRAW tab under the "Supply" dashboard.
Select the amount to withdraw and submit the transaction.
Note: You can use Max if you want to withdraw all the supplied tokens.
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