Lending & Borrowing

The Canto Lending Market at canto.io/lending allows users to lend and borrow assets. At this time eligible collateral assets include USDC and USDT, but new collateralization assets such as LP tokens will be added to maximalize capital efficiency.
Supplying Tokens
To supply an asset to the Canto Lending Market, follow these steps:
1.On the canto.io/lending homepage, click on an asset in the Supply column.
2.Enter the quantity of the asset you wish to supply. If necessary, approve the token's transfer.
3.Click "Supply" 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 Supply
To withdraw a supplied asset from the Canto Lending Market, follow these steps:
1.On the canto.io/lending homepage, click on the asset in the Supply column.
2.Switch to the withdraw tab and enter the quantity of the asset you wish to withdraw.
3.Click "Withdraw" 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 used exceeds 100%, as this would result in liquidation.
Collateralizing
In order to borrow an asset from the Canto Lending Market, you must collateralize your supply positions. The amount you can borrow is directly related to the collateral factor of each specific token and how much you have supplied in the market.
To collateralize an asset, follow these steps:
1.On the canto.io/lending homepage, locate the asset in the Supply column.
2.Click on the collateral switch for that asset.
3.In the modal that opens, click "enable asset collateral" and confirm the transaction in your wallet.
Decollateralizing
To decollateralize an asset, follow these steps:
1.On the canto.io/lending homepage, locate the asset in the Supply column.
2.Click on the collateral switch for that asset.
3.In the modal that opens, click "disable asset collateral" and confirm the transaction in your wallet.
This button is disabled if decollateralizing the asset would put you above 80% of your borrow limit, since this could lead to 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:
1.On the canto.io/lending homepage, click on an asset in the Borrow column.
2.Enter the quantity of the asset you wish to borrow.
3.Click "Borrow" 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:
1.On the canto.io/lending homepage, click on an asset in the Borrow column.
2.Switch to the repay tab and enter the quantity of the asset you wish to repay. If necessary, approve the token's transfer.
3.Click "Repay" and confirm the transaction in your wallet.
Claiming LM Rewards
To claim liquidity mining rewards, click on claim LM rewards on the canto.io/lending homepage. Then, click "Claim" and confirm the transaction in your wallet.
Liquidity mining rewards are paid out in $WCANTO, the wrapped ERC20 equivalent of $CANTO. You can unwrap $WCANTO or trade with it directly on third-party DEX interfaces such as Slingshot.
Last modified 9mo ago