Lending Flow

Graphic user guide for providing liquidity on MYSO v1

When clicking the “LP” selection at the top of the dApp, we are taken to the “All Pools” page. Here, we are able to see the currently available pools into which we are able to provide liquidity.

Each pool is designated with the associated loan currency and collateral currency, as well the total liquidity, current yield APR, loan tenor period, current LTV, max. loan per collateral unit, and last 24hr loan volume. Note that the APR for each pool might changed based on utilization and liquidity.

Let’s say you want to provide liquidity to the top-most pool on the page (rETH/wETH) — this pool allows you to supply wETH liquidity and earn a yield, which is currently ~2.88% APR.

Click the “View” button, which will bring up a detailed screen with detailed information regarding the pool, as well as your positions within the pool.

Now, let’s provide some liquidity to this pool. Enter the amount of wETH liquidity you want to provide, then click the “Approve Then Add” button — this will allow the MYSO contracts to use your wETH and subsequently add your wETH liquidity into the pool. This screen will also feature the post-add pool APR, which should naturally fluctuate and become lower as liquidity in the pool increases.

Once your liquidity provision transaction goes through, the “Liquidity Composition” graphic should fill up with a black circle, indicating that whatever liquidity you’ve provided is now available for loans. This should initially make up your entire liquidity composition until someone takes a loan from the pool.

Other components of the "Liquidity Composition" screen included the amount of pledged liquidity that's currently deployed, the claimable collateral, as well as the claimable share of repayments.

The final portion of the pool information tab within the LP section of the dApp is related to other operations and data regarding LP claiming, loan history, etc.

The first tab on this lower part of the screen shows your “Claimable Buckets”, which allow you to claim loan repayments over a specific range of transactions IDs, as described in Bucket Claiming.

The next tab (Recent Loans) shows the most recent loans made in this particular pool, including the loan ID, the amount of loan token currently loaned out, the repayment amount, the amount of posted collateral, and the loan expiry time.

The third tab (Last Expired Loans) shows the expired loans for that given and if they have been repaid/forfeited.

Finally, the last tab (LP History) shows your personal LP history in that given pool, including actions such as "Add" or "Remove" liquidity, the tx time, and information about the action (amount of LP shares added, removed, etc.)