Lending & Borrowing
The Canto Lending Market at canto.io/lending allows users to lend and borrow assets. Currently, USDC, USDT, and NOTE can be supplied to and borrowed from the Canto Lending Market. Additionally, USYC can be supplied.
Supplying Tokens
To supply an asset to the Canto Lending Market, follow these steps:
On the canto.io/lending homepage, click
SUPPLY NOTE
. For other assets, clickSupply
in theRWAs
orStablecoins
tab.Enter the quantity of the asset. If necessary, approve the token's transfer.
Click
Confirm
and confirm the transaction in your wallet.
Once the transaction has been mined, asset-specific cTokens will be minted to your wallet. These tokens represent your lending position and are automatically burnt when withdrawing the supplied asset.
Withdrawing Supplied Assets
To withdraw a supplied asset from the Canto Lending Market, follow these steps:
On the canto.io/lending homepage, click
SUPPLY NOTE
. For other assets, clickSupply
in theRWAs
orStablecoins
tab.Switch to the
Withdraw
tab and enter the quantity of the asset you wish to withdraw.Click
Confirm
and confirm the transaction in your wallet.
If you have open borrow positions, note that you will not be able to withdraw if the hypothetical borrow limit usage exceeds 100%, as this would result in liquidation.
Borrowing
In order to borrow an asset, there must be enough supply in the Canto Lending Market to borrow against. To do so, follow these steps:
On the canto.io/lending homepage, click
BORROW NOTE
. For other assets, clickBorrow
in theStablecoins
tab.Enter the quantity of the asset you wish to borrow.
Click
Confirm
and confirm the transaction in your wallet.
Note that it is possible to manually enter a borrow amount whereby the borrow limit used
exceeds 80%, but this is not advisable due to liquidation risk.
Repaying Borrows
To repay a borrowed asset, follow these steps:
On the canto.io/lending homepage, click
BORROW NOTE
. For other assets, clickBorrow
in theStablecoins
tab.Switch to the
Repay
tab and enter the quantity of the asset you wish to repay.Click
Confirm
and confirm the transaction in your wallet.
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