> For the complete documentation index, see [llms.txt](https://docs.superlend.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.superlend.xyz/products/markets/superlend-markets.md).

# Superlend Markets

## How Supplying Works

Here’s what happens when you supply an asset:

1. Select an asset available in [Superlend Markets](https://app.superlend.xyz/markets?tab=markets)
2. Enter your desired amount and click on Deposit 
3. You'll be prompted to sign a transaction in your wallet where the asset will be deposited into the lending pool
4. Start earning yield immediately based on current demand 

When you supply:

* The yield you earn is variable and depends on overall market demand
* A portion of interest paid by borrowers is distributed to suppliers
* You can withdraw your supplied assets and earned yield at any time — subject to market liquidity

Your supplied positions may also be used as collateral if you choose to borrow.

***

## How Borrowing Works

Borrowing lets you access liquidity using your supplied assets as collateral.

When you borrow:

* Your collateral supports the borrowed position
* You start accruing interest on the borrowed amount
* Your health factor tracks how safe your position is

*Health factor basics:*

* *A higher health factor means lower risk of liquidation*
* *If the value of your collateral falls relative to your borrow, the health factor decreases*
* *If your health factor falls too far, your position can be liquidated to repay the debt*

To manage risk:

* Repay part or all of the borrowed amount
* Add more collateral to increase your health factor

There is no fixed repayment period — the loan can remain open as long as the health factor stays safe.

***

## What You Need to Know Before Supplying or Borrowing

#### Supported Assets

Superlend Markets support a range of assets. Supported assets are displayed in the app interface and may change over time as new assets are added. 

#### Transaction Costs

Interactions in Superlend Markets incur transaction fees on Etherlink. These vary with network conditions and transaction complexity.

#### slTokens (supplied positions)

When you supply, you receive a tokenized representation of your deposited position (slTokens). 

#### Withdrawing & Repaying

* Withdraw: Convert your slTokens back into the underlying asset pending market liquidity
* Repay**:** Pay back borrowed assets anytime to reduce your debt and increase your health factor