How to deposit and withdraw
Lend: How to deposit assets
Go to WEMIX.Fi Lend & Borrow
Go to WEMIX.Fi Lend & Borrow. Click the Lend & Borrow menu on the main page.
Select ‘Lend’
Go to lend. Users can see the types of assets they can deposit and the expected APR. The APR may differ for each asset.
The 'Borrow' will not be activated if the user has no deposit history.
Select the type of asset and amount to deposit
Users can choose which assets they want to deposit into the service. Different assets have different annualized returns and collateralization rates, and the amount available for borrowing is displayed on a screen during the process.
Click on the button to see the list of assets available for deposit and the quantity held by users per asset.
There is no limitation to the amount of assets a user wants to deposit.
Check the expected profit
Check the expected profit and the amount available for a loan. Users are now able to borrow loans once a deposit is made.
Confirm and approve deposit
Check and approve the deposit transaction. Users can check the input information again through the pop-up screen. Correct any details if input was wrong. If input details are correct, press the Confirm button to approve the initial transaction.
For the deposit, the protocol requests permission to access the user's wallet, and once the transaction request has been approved, assets will be deposited.
If you have approved the deposit transaction and it has been successfully executed in the blockchain, the Lend deposited Completed pop-up will appear in the upper right corner.
Lend: How to withdraw assets
Select ‘Manage Lending’
Go to Lend & Borrow and select ‘Manage Lending’. Users can see the ‘Deposited’ label once a deposit is made. The 'Borrow' will also be activated.
Select the type of asset and amount to withdraw
Select the ‘Withdraw’ button and insert the amount to withdraw.
Check the expected changes
When a user makes a withdrawal from the service, the APY and the amount available for a loan will be calculated accordingly. The calculation will be shown through the service screen.
Confirm and approve withdrawal
Check and approve the withdrawal transaction. Users can check the input information again through the pop-up screen. Correct any details if input was wrong. If input details are correct, press the Confirm button to approve the initial transaction.
For the withdrawal, the protocol requests permission to access the user's wallet, and once the transaction request has been approved, assets will be deposited.
If you have approved the withdrawal transaction and it has been successfully executed in the blockchain, the Lend withdrawal complete pop-up will appear in the upper right corner.
