💸Lend

Deposit meme tokens or USDT in the lending vaults and earn interest.

Lend Interface

To access the lending section, click on 'LEND' in the NUKEM INVEST interface.

After clicking on the 'LEND' button, the following interface is presented:

In this interface, Users have two variables that can be changed:

I will invest - choose asset and amount you wish to deposit as lending liquidity. These tokens will be deployed as a loan to the borrowers and will earn interest.
Backed by - choosing an asset from the drop-down menu will determine the collateral used for loans where your tokens will be deployed, i.e., the market you want to participate in. You are not depositing collateral in this section; you are simply choosing the market you want to lend on!

Example 1: When choosing 'Backed by' NUKEM in the 'I will invest' drop-down menu, only USDT is available. This is because there is currently only one market where NUKEM is used as collateral and USDT is deployed in loans, specifically USDTNUKEM.

Example 2: When choosing 'Backed by' USDT in the 'I will invest' drop-down menu, there will be multiple options available. This is because there are multiple markets where USDT is used as collateral and meme tokens are deployed in loans. Such markets include NUKEMUSDT, FLOKIUSDT, BONKUSDT, and others.

Before initiating a lending liquidity deposit, users can check how much collateral is deposited for a specific market and the current APY. Once deposited, lending liquidity is locked for a certain period of time (usually ~24h) to prevent exploits of the interest harvesting mechanism.

To deposit liquidity as a lender, User has to:

Input desired amount of assets in the 'I will invest' interface, and click on Approve (Step 1 of 2).
Metamask will pop-up with signature request. Click Sign to proceed.
Upon signing, User will be presented with another button - Invest (Step 2/2).
After clicking on it, Metamask will pop-up with deposit confirmation details. Click Confirm to finalize depositing process to the lending vault.

Done! You succesfully deposited assets into lending vault on Nukem Loans platform. Your assets are now earning daily interest based on vault efficiency (utilization ratio).

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Last updated 10 months ago

Lend Interface

To access the lending section, click on 'LEND' in the NUKEM INVEST interface.

After clicking on the 'LEND' button, the following interface is presented:

In this interface, Users have two variables that can be changed:

I will invest - choose asset and amount you wish to deposit as lending liquidity. These tokens will be deployed as a loan to the borrowers and will earn interest.

Backed by - choosing an asset from the drop-down menu will determine the collateral used for loans where your tokens will be deployed, i.e., the market you want to participate in. You are not depositing collateral in this section; you are simply choosing the market you want to lend on!

To deposit liquidity as a lender, User has to:

Input desired amount of assets in the 'I will invest' interface, and click on Approve (Step 1 of 2).

Metamask will pop-up with signature request. Click Sign to proceed.

Upon signing, User will be presented with another button - Invest (Step 2/2).

After clicking on it, Metamask will pop-up with deposit confirmation details. Click Confirm to finalize depositing process to the lending vault.

Done! You succesfully deposited assets into lending vault on Nukem Loans platform. Your assets are now earning daily interest based on vault efficiency (utilization ratio).