SubDAO provides lending services by accessing AAVE. The Manager can borrow a certain amount of tokens by pledging the assets in the vault.
To Enter: Apps&Settings - AAVE Lending
The following is an example of DeFi's Lending process: "Supply USDC in the vault, borrow CRV, repay CRV, get USDC back."
For example, when pledging USDC in the vault to borrow CRV, you need to authorize it twice.
- 1.First authorization: authorize your address to become a Super manager so that the address has the right to use a certain amount of USDC to supply USDC in AAVE.
- 2.Second authorization: Use the [Add Token] function in Portfolio to add CRV to the vault so that the vault supports CRV assets. Then, authorize your address to become a Super manager again so that it can use a certain amount of CRV in AAVE, and then this address can perform Borrow CRV.
Authorize the use of a certain amount of USDC for collateral;
Click [Apply now] to apply for the amount;
After the authorization is approved, you can click [Supply] to enter the amount, deposit 0.06 USDC, and click MetaMask signature to confirm;
Check My supplies. My supplies show that 0.06 USDT is successfully supplied;
Check the Vault Token. At this time, the USDC supplied is exchanged for amUSDC.
Go to borrow CRV in Asset Borrow, and click the [Borrow] button;
The following prompt means the Manager does not have permission to borrow CRV. Click [Apply Now] to apply for authorization to Vote.
Authorize CRV : Select the CRV asset type and fill in the usage limit. After the application is voted through, the [Borrow] of CRV can be performed;
To borrow CRV, click [Borrow] to enter the amount to borrow. (The authorization process will not be repeated here)
Check Borrow: Switch to My borrows, showing the borrowing just toke place; borrow succeeded.
(The authorization process will not be repeated) Click [Repay] and enter the repayment amount to make the repayment.
Authorization of amUSDC Token
To retrieve the pledged USDC, you need to obtain authorization to use the amUSDC Token through Super Manager.
Enter the withdrawal amount, which cannot exceed the maximum balance.