⬇️ Supplying Liquidity To Stability Pools
Chiss Stability pool holds crowdfunded liquidity from lenders for borrowers to request loans from. Anyone can supply chiss-native stablecoins to this pool without permission to earn interests paid by borrowers which varies based on the utilization rate of the pool.
Learn about Chiss dynamic interest rate here.
Here are the steps to supply liquidity to the Stability pool via the Chiss dapp.
- Visit Link to get the Chiss Web dapp dashboard.
- Connect wallet to the dapp via the “connect wallet” button at the top-right of the dashboard.
The dashboard page highlights the various Chiss pools, total value locked in the pools, pool type & the current rewards for supplying liquidity to pool expressed in Annual Percentage Yield (APY). Navigate to the earn page to see all pools.
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Select a preferred stability pool to open the supply modal, see more details about the pool & supply liquidity in Chiss-native stablecoins.
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Input the amount of stablecoin, chNGN in this example, you’d like to supply to the stability pool. Hit “Get chNGN” to get chNGN via a facilitator if you don't already have some tokens in your wallet.
To learn how to get chNGN, see the buy guide here.
- Hit “Deposit chNGN” to supply liquidity to the pool.
- Confirm wallet transaction to complete the liquidity supply transaction to the Chiss pool.
You receive a pool receipt token, shchNGN for the chNGN liquidity pool, which represents your liquidity pool shares and can be redeemed for rewards.
Congratulations, you now know how to supply liquidity to Chiss stability pool! 🎉
Next, let's supply to the FX pool.