Depositing and Withdrawing
Last updated
Last updated
Go to the Home/Markets section of Pinjam (accessible by clicking the Markets tab as well) and select the network in that you wish to deposit your assets.
Since we're using the Avalanche Fuji testnet network, that will be the only network shown if you're using the testnet.
Select the asset that you wish to deposit in Pinjam by clicking the Details button as shown by the arrow in the image below. In this case, we will be depositing USD Tether (USDT).
A pop-up will then appear allowing you to deposit your funds. Insert your desired amount and click Deposit.
Alternatively, you can deposit your funds straight into the Pinjam vault to generate worked yields immediately on your supplied capital.
When you do this, you will also be incentivized over time. Funds for rewards come from the 10% farming fee imposed --- from which 1% will be given back to the user.
Note: You will need to approve Pinjam first before being able to access the asset you want to deposit
Complete the necessary steps to complete the transaction on your preferred wallet and voila, you have deposited into Pinjam.
To withdraw your capital from Pinjam, head over to the Reserve Overview page (which can be accessed by heading over to the Home Page and clicking the Details button available for each asset).
Click the More drop-down button as shown in the image below.
A drop-down menu will then pop up allowing you to select specific actions. Select Withdraw, insert your desired amount, and click Withdraw.
Complete the necessary steps to complete the transaction on your preferred wallet to complete your withdrawal from Pinjam.
After doing so, you will be sent to the Reserve Overview page showing the reserve details of the selected asset (explained more ). Click the Deposit button as shown by the arrow.
