How to Use

Supply allows you to earn interest on your assets. XLend offers a variety of assets you can supply to the platform, including stablecoins, altcoins, LSTs, and other assets.

1. Visit the Extrafi XLend site and Connect Wallet (Note that you need to check the bottom prompt).

1. Browser the list of Main Market assets and select the asset you want to supply.

1. Click on "Supply".

2. Enter the amount you want to supply.

1. Review the overview details, then click the "Supply" button to initiate the transaction.

1. Approve and confirm the transaction in your wallet.

2. Once the transaction is confirmed, you can view your supplied assets in the "Show Positions" section. Your assets will immediately begin earning interest at the current Supply APY rate.

XLend allows you to borrow assets by using your supplied assets as collateral. Borrowing enables you to leverage your holdings while maintaining exposure to the assets you supply.

1. Browse the list of Main Market assets and select the asset you want to borrow. (Before borrowing, ensure that you have enough collateral to secure the loan.)

1. Click on "Borrow".

2. Enter the amount you want to borrow.

1. Check the Overview, and click the "Borrow" button to initiate the borrowing process.

2. Approve and confirm the transaction in your wallet

3. After confirming the transaction, your debt details will appear in the "Show Positions" section.

1. Click the "Repay" button on your borrow position.

1. Enter the repayment amount and confirm the transaction in your wallet

Note: You must repay both the borrowed amount and any accrued interest.

The Extrafi XLend Dashboard & Portfolio offers a clear overview of your lending and borrowing activities. You can track your positions and monitor essential metrics through four main sections: Net Worth, Health Factor, LTV (Loan-to-Value), and Borrowing Power.

The Dashboard can be accessed directly from the main page:

The Portfolio is accessible from the navigation bar at the top of the main page:

Breakdown of Dashboard & Portfolio:

1. Net Worth

Net Worth shows the total value of your assets minus any borrowed funds on Extrafi XLend. This key metric helps you track your actual holdings after accounting for all loans.

2. Health Factor

Health factor in XLend is an important indicator that shows how secure a borrowing position is. It calculates the ratio between the collateral value (adjusted by the liquidation threshold) and the total borrowed amount. The higher the Health Factor, the less the risk of liquidation.

Check here for more details.

3. Loan-to-Value (LTV)

The Loan-to-Value (LTV) ratio is the ratio of the value of the loan you have taken compared to the value of the collateral you have provided. It’s an important measure of risk — the higher the LTV, the greater the risk of liquidation.

4. Borrowing Power

Borrowing Power is the amount of funds you can borrow based on the current value of your collateral. It represents your ability to take out more loans or leverage additional funds without exceeding the platform’s risk parameters.