Superlend Markets
Superlend’s curated instance of onchain lending markets.
How Supplying Works
Here’s what happens when you supply an asset:
Select an asset available in Superlend Markets
Enter your desired amount and click on Deposit
You'll be prompted to sign a transaction in your wallet where the asset will be deposited into the lending pool
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
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