Supply and Withdraw

Supplying

There are no minimum or maximum limits for supplying assets, allowing users complete freedom in managing their investments.

Enable the use of assets as collateral

Users have the option to use their deposited assets as collateral for borrowing. This feature is accessible through the “Dashboard” page in the “My Supply” section, where users can toggle their assets to serve as collateral. Once enabled, the borrow limit is automatically adjusted according to the collateral value. This functionality provides users with the flexibility to leverage their assets efficiently while managing their borrowing needs.

Earning Interest

Depositors on Mage Protocol benefit from continuous earnings as their supplied assets accrue interest over time. The interest rates are dynamically adjusted based on each asset's market conditions, ensuring that depositors receive competitive returns. As part of the supply process, users receive mTokens (such as mBTC, mETH), which represent their supplied assets. The value of these mTokens increases over time, reflecting the accumulated interest.

Withdrawing

Users can withdraw their assets at any time, provided that these assets are not currently being used as collateral for loans. Additionally, withdrawals should be made with the consideration that they do not trigger a liquidation event on existing loans.