💱Supply

Overview​

Perlin Finance is a peer-to-pool (p2pool) lending protocol. Lenders supply assets to a market (i.e. deposit assets in a pool), and collectively earn interest (i.e. the supply rate) for the assets in it. The protocol then makes these assets available to borrowers, who deposit other assets into the protocol as collateral.

Users can become lenders by depositing assets to mint pTokens. The interest earned by the protocol isn't distributed; instead, the exchange rate for pTokens increases, and users will be able to redeem more assets over time as interest is earned. The interest rate earned by lenders (supply rate) fluctuates and depends on the market's utilization (i.e. the percentage of deposited assets that has been borrowed).

Though unlikely, it's possible for lenders to lose funds in extreme situations if the protocol accrues bad debt. Refer to Liquidation for more details.

Instructions​

Minting​

1. Visit the Perlin app at perlin.app.

2. Click "Connect Wallet" on the top right.

3. On the Dashboard, click the asset you want to lend under Supply

4. Click Supply

5. Enter the amount you'd like to supply.

6. Click Supply and complete the transaction. This transaction deposits your assets and mints the corresponding pToken.

Redeeming​

1. Visit the Perlin app at perlin.app.

2. Click "Connect Wallet" on the top right.

3. On the Dashboard, click the asset you want to borrow under Supply

4. Click -

5. Enter the amount you'd like to withdraw.

6. Click Redeem and complete the transaction. This transaction burns your pTokens and redeems the corresponding underlying assets.