Nebula
  • 👉Nebula Testnet
    • Join Nebula Protocol Testnet
    • Testing Nebula Protocol
      • Supply
      • Withdraw
      • Borrowing
      • Repay
  • 👉Nebula Overview
    • Nebula Intro
      • What is Nebula ?
      • The problem
    • Competitive Advantages
      • Innovative Collateralization with DEX LP Tokens
      • Cross-Chain
      • Yield Tranching Mechanism
      • Lending Pools
      • Consensus and Oracle
      • Smart Contract
      • Decentralized Governance
      • Community-Driven Governance
    • Comparison with Competitors (Expanded)
  • ⭐Product Feature
    • User Roles
      • Suppliers
      • Borrowers
      • Governance Participants
      • Developers
    • Protocol Architecture
      • Core Components
      • EVM Compatibility with Enhanced Security
      • Cross-Chain Interoperability via Nibiru’s IBC
      • Advanced Oracle Integration
      • Security and Scalability
        • Security
    • Nebula Product
      • DEX LP Tokens as Collateral
      • Customizable Pool Creation
      • Enhanced Liquidity
      • Cross-Chain CDP Contracts
      • Yield Tranching
    • Use Cases
  • ⭐Tech Overview
    • Nebula Technology Overview
      • Validator-Based Oracle System
      • Consensus and Voting Mechanism
      • Risk Management and Security
        • Collateralization Requirements
        • Liquidation Mechanisms
        • Insurance Fund
        • Decentralized Oracles
        • Interest Rate Risk
        • Smart Contract Security
        • Market Risk
        • Governance Risk
        • Cross-Chain Risks
      • Rewards and Slashing Mechanism
      • Scalable and Resilient Design
      • Interest Rate Model
        • Types of Interest Rates
        • Interest Rate Adjustments
        • Benefits of the Model
        • Example Scenarios
        • Governance Control
        • Competitive Advantage
      • Governance
        • Governance Framework
        • Governance Token Utility
        • Governance Process
        • Key Governance Parameters
        • Governance Security
        • Governance Use Cases
        • Long-Term Decentralization
  • Token
    • Tokenomics
      • Token Utility
      • Revenue Model
      • Supply Dynamics
      • Incentive Alignment
    • Nebula Token Info
      • Token Utility
      • Token Distribution
  • GTM
    • Roadmap
    • Points System
    • Ambassador Program(TBD)
  • Appendix
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Supply

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Last updated 5 months ago

Supplying tokens to Nebula Protocol allows users to earn interest while using the supplied tokens as collateral. These tokens are deposited into the protocol's liquidity pool, where they support overcollateralized borrowing and accrue interest dynamically based on the prevailing market supply rate.

Key Details:

  • Interest rates are determined by the borrow utilization rate (borrowed assets vs. total supply) and governance-defined parameters, which adjust dynamically based on market conditions and on-chain data (e.g., token balances, oracle prices, utilization metrics).

How to Supply Tokens:

  1. Select a Token: Connect your wallet and navigate to the 'Dashboard.' Under the 'Supply Assets' section, select a token to supply.

  2. Approve Token Transfer: Grant the protocol smart contract permission to transfer tokens by completing a transaction or signing a message in your wallet.

  3. Monitor Progress: Supplied tokens will be added to the liquidity pool and start earning interest immediately. Track your earnings under the 'Portfolio' tab.

Step 2 - Approve Token Transfer Grant the Nebula Pool smart contract permission to transfer tokens from your wallet. Approvals can be completed via:

  • Transaction (incurs a network fee)

  • Signature (no network fee required)

After selecting a token to supply, confirm the transaction or signature request in your wallet. A confirmation will appear on-screen upon successful approval.

Step 3 - View Supply Progress Once tokens are supplied to the Nebula liquidity pool, they become available for borrowers and start earning interest immediately. You can track your earnings and supply status in the ‘Portfolio’ tab on the navigation bar.

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