Depositing assets (Lending)

Depositing funds into Basic

This guide provides a straightforward method for depositing funds into Basic, making it accessible for both new and experienced users. It outlines the necessary steps to connect your Web3 wallet and navigate the platform efficiently.

By following this guide, you can easily manage your assets and explore borrowing options, enhancing your experience with Basic.

Basic Tutorial

• Navigate to https://basic.loans

• Click "Launch App"

• Click "Connect Wallet"

Use your Web3 wallet to connect (MetaMask, WalletConnect, etc.)

• Change IoTeX network if you see "Wrong network" displayed

• Click "MetaMask" and connect the app in the wallet pop-up

• Click "Supply and Borrow" for the asset you wish to deposit

• Click the amount field

• Enter your deposit amount

• Click "Supply and Borrow" and confirm the transaction

• Click "OK"

• Click "Close"

If you wish to borrow against your deposited assets then you need to enable collateral for each asset you wish to use for borrowing against

• Click the collateral checkbox and confirm the transaction

Your supplied assets are shown in your Basic dashboard.