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Supplying & Borrowing

How to Supply Assets​

Supplying assets to Rheofi earns you interest and allows you to use your deposits as collateral for borrowing. Follow these steps:

  1. Connect your wallet — Visit app.rheofi.com and connect a supported wallet.
  2. Choose a pool — Select the liquidity pool you want to supply to using the pool selector.
  3. Select an asset — Find the asset you wish to supply from the market list and click Supply.
  4. Enter an amount — Specify how many tokens you want to deposit.
  5. Approve the token — If this is your first time supplying this asset, you will need to approve the protocol to spend your tokens. Confirm the approval transaction in your wallet.
  6. Confirm the supply — Submit the supply transaction and confirm it in your wallet. Once the transaction is mined, your supplied balance will update.

You will begin earning interest immediately based on the current supply APY.

Enabling as Collateral​

After supplying an asset, you can enable it as collateral by toggling the Collateral switch next to the asset on your dashboard. Enabling collateral allows you to borrow against it. Note that enabling collateral means your supplied asset may be liquidated if your health factor drops too low.

How to Borrow​

Once you have collateral enabled, you can borrow:

  1. Select the asset you wish to borrow from the available markets.
  2. Enter the amount — the interface will show your borrowing limit based on your collateral.
  3. Confirm the transaction — review the updated health factor and submit the borrow transaction.

Borrowed assets are sent directly to your wallet and begin accruing interest immediately.

Monitoring Positions​

Use the dashboard to track your supplied and borrowed positions. Pay close attention to:

  • Health Factor — keep it well above 1 to avoid liquidation
  • Borrow Limit Used — the percentage of your maximum borrowing capacity in use
  • APY changes — interest rates fluctuate based on market utilization

Repaying Loans​

To repay a loan, navigate to the borrowed asset and click Repay. Enter the amount you wish to repay (partial or full), approve the token if necessary, and confirm the transaction. Repaying reduces your borrow balance and improves your health factor.