Deposits & borrowing

Smart contracts are programs in the blockchain that manage deposits and loans. You approve the deposit with your wallet; the platform’s rules determine how the funds can be used and withdrawn.

On lending platforms such as Aave and Venus, borrowers put up collateral and pay interest on their loans. Part of that interest goes to people supplying crypto. Some offers also include extra rewards, shown separately in the rate details.

Accrued interest automatically increases the value of your deposit. Check its balance in Your wallets and receive the crypto when you withdraw. Extra reward tokens, if offered, may need to be claimed separately.

Open the platform’s official app, connect the wallet you used to deposit and choose Withdraw for your deposit. The crypto and accrued interest return to your wallet, subject to available funds and the platform’s terms. If the deposit secures a loan, you may need to repay it first.

The network charges for transactions such as approving tokens, depositing and withdrawing. You need its native coin, such as ETH on Ethereum, to pay the fee shown before confirmation. Check the platform’s terms for any additional fees.

The rate changes with borrowing demand and the amount of crypto supplied. APY estimates a yearly return at the current rate; it is not a fixed promise for the next year. A new rate affects future earnings, not interest already accrued.

Contract bugs, attacks or a stablecoin losing its dollar peg can cause losses. Audits help find problems, but “Low Risk” does not guarantee safety. “No IL Risk” only excludes one risk of liquidity pools: price changes between their coins leaving you with less value than if you had simply held those coins.