Deposit and Rewards

How do I deposit?

Proceed to the "Deposit" section and select the "Deposit" option for the desired asset. Next, ensure to verify your transaction is the appropriate amount. Upon confirmation, the accrual of rewards on your deposit will begin.

Please note, an initial deposit of one asset necessitates an additional approval transaction.

Earning rewards

Depositors can earn in multiple ways:

• The natural interest accrued from borrowers: lenders are rewarded with the interest paid by borrowers, usually at some average borrow rate multiplied by the utilization rate. The higher the utilization of an asset reserve, the higher the natural interest rewards for the lenders.

• Flash Loan fees: lenders of assets are rewarded with a share of Flash Loan fees equivalent to 0.09% of the Flash Loan volume.

Each asset has its own market of supply and demand with its own corresponding APY (Annual Percentage Yield) which changes over time.

Is there a minimum or maximum amount to deposit?

You have the flexibility to deposit any amount, as there are no minimum or maximum restrictions. However, it is crucial to consider that for exceedingly small sums, the transaction cost may exceed the anticipated earnings. Therefore, it is advisable to take this into account when depositing particularly low amounts.

It is necessary to ensure sufficient liquidity (not currently borrowed) is available for withdrawal. If this is not the case, you may need to wait for additional liquidity from depositors or until borrowers repay their loans.

If you have any questions, please reach out to the Harbor team in our official discord: https://discord.gg/JQjh8U6NuZ