Supplying & Earning

Users can supply to PaperDAO in one of our many markets to earn a single asset APY on their assets. Those wishing to borrow from the protocol must first supply assets with collateral factors to support their borrowings.

Supplying Assets

When you supply assets to PaperDAO you are lending them out to be borrowed from the market in return for an APY on your assets. Depending on the market you may also be rewarded with additional PaperDAO tokens for supplying too.

To supply assets, go to app.paperdao.money and connect your wallet.

Then navigate to the Supply Market tab on the right hand side, select which asset you'd like to supply, and follow the modal prompts. * The first deposit of each asset will require an additional approval transaction.

Once you've supplied to the market you will receive pTokens in return - these are the receipt tokens for your deposit. Do not lose these or you will not be able to withdraw your deposit.

Withdrawing

To withdraw you need to go to the market you’re lending to and click on “Withdraw”. Select the amount to withdraw and submit the transaction.

You would need to make sure there is enough liquidity (not borrowed) in order to withdraw, if this is not the case you would need to wait for more liquidity from depositors or borrowers repaying.

A withdraw commonly fails because: You still have borrowings against your collateral which need to be repaid first. You do not have enough gas in your wallet to conduct the transaction. There is not enough liquidity in the pool.

Can I opt-out my asset from being used as a collateral?

Yes. After depositing your assets, you are able to unselect the asset so that it will not be used as collateral. The opt-out is available in the "Deposit" section within your dashboard. Simply switch the Collateral button on the asset you would prefer to opt-out from being used as a collateral.

• You can withdraw your assets without opting out of using them as collateral, as long as those funds are not actively being used to borrow and the withdrawal would cause a liquidation on your loans.