Supply
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:
Select a Token: Connect your wallet and navigate to the 'Dashboard.' Under the 'Supply Assets' section, select a token to supply.
Approve Token Transfer: Grant the protocol smart contract permission to transfer tokens by completing a transaction or signing a message in your wallet.
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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