โก๏ธMaking Loans
Learn more about how to making loans into the SOL Staking Yield Vault
Making a Loan
Making a loan into the SOL Staking Yield Vault is a simple process. After you've been onboarded, the steps are as follows:
Select the blockchain network you want to access the vault on
Connect your whitelisted wallet
Select the SOL Staking Yield Vault
Click "Invest"
Input an amount you'd like to lend and click "Approve Spending Cap"
Approve the spending cap in your wallet
Confirm the amount and click "Invest"
USDC will be transferred from your wallet & you will receive xFIGSOL vault tokens at the current Exchange Rate.
Exchange Rate Calculations - Making a Loan
When stablecoins are lent into the vault, xFIGSOL will be issued to the Lender at the most recent exchange rate based on the following calculation:
Vault Tokens Issued = Loan Amount / Exchange Rate
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