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Last updated
Last updated
This is where you can explore DeFi and validating opportunities. As simple as that. DeFi and taking part in the validation of the network does not need to be complicated.
There are two main features:
Deposit: Explore DeFi lending opportunities within the Glue ecosystem.
Validating: Explore validating opportunities within the Glue ecosystem.
Supplying and withdrawing liquidity into DeFi and managing positions does not need to be difficult.
'Deposit' will show you the assets you can deposit and the expected APY (annual percentage yield) alongside the total deposits made for that asset.
Let's supply some Bitcoin.
Click on 'Manage' on the right hand side of the asset. You will be prompted with a pop up. Decide the amount of Bitcoin to supply. Then click on 'Approve Deposit (1/2)'.
MetaMask will prompt you with a spending cap request.
After clicking 'Next', you will be prompted for approval. Click 'Approve'.
Now, click on 'Deposit (2/2)' and then confirm the transaction in MetaMask.
And that's it. You have now successfully supplied Bitcoin in DeFi.
You can now see your position.
For withdrawing from the position, click on 'Manage' and select 'Withdraw' in the pop up. Decide how much you would like to withdraw from the position and then click 'Withdraw'.
MetMask will prompt you to confirm the transaction. Click 'Confirm'.
And that's it for withdraws.