HyperLoan Suppliers

Lend to Earn

Supply - Earn and Collateralize

Supplying assets to HyperLoan allows users to earn interest and, optionally, use their supplied tokens as collateral for borrowing. When an asset asset is supplied, a corresponding amount of aTokens (e.g., aBUSDC, aBSEC are minted to the recipient address, which are interest-bearing ERC-20 tokens representing balance of underlying tokens that increases in balance over time by accruing yield from the borrowing activity in the pool.

Withdrawing is the process of redeeming aTokens for the underlying asset, including any accrued interest. Withdrawals are subject to availability of unborrowed liquidity enforced through over-collateralization and interest rate mechanism, and the collaterization of any active borrow positions.

Tokens can be supplied by performing the following steps:

Step 1: Connect Wallet

To begin, press ‘Connect Wallet’ and select the Ethereum wallet provider corresponding to the wallet holding tokens intended to supply.

Step 2: Select Token To Supply

Once connected, navigate to the ‘Dashboard’ where you’ll find the ‘Assets To Supply’ table, which lists current token balances and asset parameters. More details on supply and borrow parameters can be found by selecting the individual token icon, which will navigate to the reserve details page.

Step 3: Approve Token Transfer

In order to transfer tokens on an BSEC Hyperchain network, the HyperLoan Pool smart contract must be granted an allowance to transfer tokens from the connected wallet address. Approvals can be performed through transaction (which will incur a network fee) or signature (which does not incur a network fee). After selecting a token to supply, a modal will appear which will prompt a transaction or message signature request in the connected wallet.

Step 4: Perform Supply Transaction

After approval, enter the amount you wish to supply and confirm, which will prompt a transaction in the connected wallet. Your supplied tokens are then added to the HyperLoan liquidity pool, where they are made available for borrowers. The supplied tokens will start earning interest immediately, which can be monitored from the ‘Dashboard’ tab.