PrimeFi
  • Introducing PrimeFi
  • PrimeFi Features
    • Key Features of PrimeFi
    • Rewards distribution and NFT Integration
  • Lend
    • How to Deposit?
    • Collateral
    • pTokens
    • Withdraw
  • Borrow
    • How to Borrow
    • Borrowing Eligibility
    • Health Factor
    • Loan Repayment
    • Liquidations
    • Flash Loans
    • Interest Rate Model
  • Prime Liquidity Provider (pLP)
    • pLP Overview
    • Ways of Building the Position
      • Manual Positions
      • Flik Positions
    • Maximum APR by asset
    • pLP Pools
    • Sustaining Eligibility Status
    • Bounty for Disqualification
  • Manage PrimeFi
    • Statistics for pLP
    • Vesting Emissions
    • Locked pLP
    • Protocol fees
    • Relock pLP
    • Auto-compound
  • PRFI
  • PrimeFi Reward System
    • Introduction
    • General User Rewards
      • Lenders
      • Liquidators
    • Advanced User Rewards
      • LP Provider Rewards
      • PRFI NFT Holders Rewards
  • Governance
  • Contracts
    • Lending & Borrowing
      • Flik Flow
      • Stargate Borrow
    • Staking
      • Flik Flow
      • Rewards
      • Bounty System
  • Audits
  • PrimeFi Youtube Tutorial
  • Testnet Faucets
    • 1.-Hyperliquid Test
    • 2.-Base Sepolia
    • 3.-Arbitrum Sepolia
    • 4.-BNB Chain Testnet
    • In addition
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  1. Lend

How to Deposit?

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Last updated 7 months ago

In the Markets tab, under the Stats Overview section, you’ll find the BSC-T Assets section. Here, you can select an asset from your preference and start interacting with it.

Let’s say you’ve chosen USDT. The initial setup will display the option to deposit.

Enter the amount of USDT you want to deposit and press Continue.

Next, you’ll see a prompt that says “Approve”. If you haven’t used this protocol before, you’ll need to approve the token, granting the protocol permission to manage this asset within your wallet. Click “Approve” — this is a simple signing transaction.

Now, wait for the approval to complete. Once it’s done, press “Deposit” and accept the subsequent transaction to deposit your USDT into the protocol. In return, you’ll receive an p_Token_ that tracks the interest you earn as a lender.