Lending USDC
At present, you can only supply/lend USDC for borrowing use. Additional assets may be enabled in the future.
Navigate to Gloop's Lend USDC page.
In the Supply subtab, enter how many USDC tokens you will lend. Here, you will also see your Deposit APY and New Supplied Value info.
Click Supply and sign the transactions (one for token spending approval, and one for the deposit itself) that auto-populate in your wallet.
Once the transaction has been completed, you will have opened a lending position. You can see more details on your position and/or manage your position in the Positions tab.
Lent USDC Cannot Be Used as Collateral
One major difference between supplying GM tokens and providing USDC is that USDC tokens may not be used as collateral. Only GM tokens can be enabled as collateral to allow the user to borrow USDC against.
Lending Incentives
After lending USDC, you will be able to see accrued rewards and your APY in a dashboard section of the main Lend view. At the start, most, if not all, incentives will be steered toward USDC lending, as having available USDC liquidity is the name of the game.
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