TrueFi Docs

How to lend

Once a user is ready to lend, the user is required to complete two transactions:
  1. 1.
    approve : approves the lending pool smart contract to transfer up to a certain allowance of the asset. (Note: This is a typical interaction on the Ethereum network. Read more about the 'approve' function here).
  2. 2.
    deposit : lends funds to the lending pool. In return, the lender receives lending pool tokens ("LP tokens").
Note that for some pools, lender funds are locked until the pool's maturity date. Please review and confirm details before lending.