How to Lend and Borrow on Etherlink

This comprehensive guide walks you through everything you need to know to start lending and borrowing assets on Etherlink.

Step 1: Adding the Etherlink Network

1. Visit Chainlist.

2. Connect your EVM-compatible wallet (e.g., MetaMask).

3. Click “Add to MetaMask” to add the Etherlink network.

Step 2: Bridging Assets to Etherlink

You can bridge assets to Etherlink in several ways:

(A) Bridge XTZ from Tezos to Etherlink

1. Go to bridge.etherlink.com.

2. Connect both your Tezos wallet (e.g., Temple Wallet) and your EVM-compatible wallet (e.g., MetaMask or Rabby Wallet).

   Note: Both wallets must be connected to bridge successfully.

3. Enter the XTZ amount you wish to bridge and initiate the transfer from Tezos to Etherlink.

(B) Bridge Tokens from Other EVM Networks to Etherlink

1. Visit etherlinkbridge.com/bridge.

2. Connect your wallet and select both the source chain and Etherlink as the destination.

   Supported chains include: Arbitrum | BNB Chain | Base | Optimism | Ethereum | Avalanche C-Chain.

3. Choose the asset you want to bridge.

   Supported assets include: USDT | USDC | WBTC | WETH | WAVAX | WBNB | SHIB.

4. Enter the amount and proceed with the bridge.

Step 3: Swapping XTZ to Other Assets

1. Use IguanaDEX for swaps on Etherlink.

2. Connect your wallet and click “Trade Now.”

3. Swap XTZ for other tokens, such as USDC or USDT.

Step 4: Supplying Assets on Etherlink Market

1. Visit markets.superlend.xyz.

2. Accept the terms and conditions, then connect your wallet.

3. Navigate to the "Your Wallet" section to view your assets.

4. Select the asset you want to lend (e.g., USDC, USDT, XTZ) and click “Deposit.”

5. Enter the amount to supply and confirm the transaction in your wallet.

Step 5: Borrowing and Repaying Loans on Etherlink Market After supplying assets, you can use them as collateral to borrow.

Borrowing Assets

1. Head to the "Assets to Borrow" section of the app.

2. Select the asset you want to borrow.

   Ensure you have enough collateral (check your loan-to-value ratio).

3. Enter the desired borrow amount and confirm the transaction in your wallet.

Repaying Loans

1. Go to the "Your Borrows" section of the app.

2. Click “Repay” next to the borrowed asset.

3. Enter the repayment amount and confirm the transaction in your wallet.

Step 6: Withdrawing Assets Once loans are repaid, you can either withdraw your deposits or let them continue earning yield.

1. Navigate to the "Your Deposits" section of the app.

2. Click “Withdraw” next to the asset you wish to withdraw.

3. Enter the withdrawal amount and confirm the transaction in your wallet.