MachFi
  • Introduction
  • SONIC REWARDS PROGRAM
    • Program Overview
    • Sonic Boom
    • Sonic Gems
    • Sonic Points
  • Contracts
    • Audit
      • Bug Bounty
    • Addresses
    • Asset Risk Parameters
  • Protocol
    • Overview
    • Mechanics
      • Depositing Assets
      • Borrowing Assets
      • Utilization rate
      • Interest Rate
      • Risk Management
      • Liquidation
      • Reserves
      • Reserve Factor
      • MachBoost
      • Oracles
  • Resources
    • Official Pages
    • Brand Kit
  • MachFi Guide
    • How to Deposit on MachFi
    • How to Borrow on MachFi
    • How to Manage Risk on MachFi
    • How to Leverage on MachFi
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  1. MachFi Guide

How to Deposit on MachFi

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Last updated 5 months ago

Upon entering https://app.machfi.xyz/ and connecting with your wallet, click into any asset under "Deposit" and wait for the pop-up to appear. The first transaction will require the wallet owner to approave the asset as seen below.

Upon approval, users can proceed to deposit the respective asset. Clicking "Max" automatically fills out the quantum to the balance available in the wallet.

First, users need to Approve the respective asset
Users can deposit any amount as long as it's available in their wallet and it does not cross the global supply cap.