zkLend
zkLend is a money-market protocol that combines zk-rollup scalability, superior transaction speed, and cost-savings with Ethereum’s security.
Lend
Navigate to app.zklend.com and connect your wallet.
To initiate a loan, you must first make a deposit.
Click on the “Supply” button.
Ensure that the “Use” option at the top is checked. This allows your deposit to be used as collateral for borrowing.
Specify the amount of the chosen token you wish to deposit.
A preview of your borrowing power will be displayed. Please note that different tokens have varying collateral factors.
Click on “Enable & Supply”.
You are now ready to take out a loan!
Borrow
Click on “Borrow” on the main page.
You can now borrow tokens using your deposit as collateral.
Specify the amount you wish to borrow. The maximum amount you can borrow is determined by the product of your deposit and the collateral factor.
Review your loan details.
Click on “Borrow” to proceed and confirm the transaction with your wallet.
Repay Loans:
Click on the “Repay” button.
Specify the amount you wish to repay and confirm the transaction.
Please note that repaying your loan and withdrawing your deposit are similar processes. After repaying your loan, you can proceed to withdraw your deposit.
Withdraw Tokens
To withdraw your deposit, click on “Supply” on the main screen.
Select the “Withdraw” option in the pop-up window.
Specify the amount you wish to withdraw from your deposit.
Click on the “Withdraw” button to confirm the transaction.
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