Supplying and borrowing
In this guide, we will focus on using Segment Finance to earn interest and borrow BNB Chain assets. Once you’ve created your BNB Chain Wallet on MetaMask or any other supported wallet App, open the Segment Finance app (app.segment.finance). The interface will ask you to connect your Web3 wallet. Connecting your wallet to Segment Protocol enables you to authorize transactions, view balances, and perform other essential actions on the BNB Chain.
After successfully connecting your wallet, you will gain access to all the features of the Segment Finance interface. In the Dashboard menu you will find all the markets. Clicking one of the markets a new modal will pop out, enabling you to interact with the selected market. Just make sure you are under the "Supply" or "Borrow" tab, depending on the desired action.
Supply Assets to Earn Interest
Connect your BNB Chain Wallet on MetaMask or other supported wallet app to the Segment Finance app.
Navigate to the "Dashboard" menu and select the "Supply" tab.
Choose the asset you want to supply. For example, if you want to supply ETH, click on the ETH market.
Enable the asset. This will prompt a transaction confirmation in your wallet. Remember that a small gas fee applies, so ensure some BNB is available in your wallet.
Specify the amount you want to supply. The selected assets are transferred directly from your wallet to Segment Protocol, earning interest immediately. This interest will be automatically added to your Supply Balance.
Manage your Borrowing Limit
Your borrowing limit on Segment Finance is a function of the assets you have supplied. The following steps guide you to manage it:
Navigate to the 'Account'.
Here, you'll find your Borrow Limit, represented as a percentage of the total value of your supplied assets.
To adjust this limit, you can either supply more assets or repay some of your outstanding loans.
Borrow Assets on Segment Finance
After supplying assets, you can borrow other assets within your borrowing limit:
From the 'Dashboard' menu, go to the 'Borrow' tab.
Select the asset you want to borrow.
Input the amount you wish to borrow and confirm the transaction.
Lending and Borrowing Example
Let's assume you supply 1 BNB to Segment Finance, and the seBNB/BNB rate is 0.0204. You'd receive approximately 49.019 seBNB in return (1000 / 0.0204). If the seBNB/BNB rate increases to 0.0215 after a year, your 49.019 seBNB would be worth 1.0215 BNB (49.019 * 0.0215), an increase of 0.0215 BNB.
Remember that these seTokens represent your collateral in Segment Finance Protocol. It's crucial not to trade or transfer them if you have an active loan, as they're required to maintain your borrowing limit.
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