Supply a stock

Supplying a stock puts it to work. You deposit the stock and receive shares, and the strategy supplies the stock to money markets as collateral to earn the spread. Using a vault explains the contract that holds it. What it earns is turned into more of the same stock. This page explains each step in the app and what you see once you have supplied.

Key points

• You can supply from Home, from a stock's page, or with Supply to earn on a stock in your Portfolio.
• Supplying takes up to two transactions in your wallet: an approval if needed, then the deposit.
• Afterwards, Supplied shows how much stock your shares are worth. It grows as harvests add stock, and can fall after a liquidation.
• There is no fee to supply or withdraw. Total APY is today's rate, and it changes.

Where you can supply

• On Home, complete the sentence "I want to Supply" with a stock and a network, and choose Continue. The Supply dialog opens.
• On Home, the table under "Supply your stocks to earn more" lists every stock you can supply. Choose a row to open the stock's page, which has the same Supply panel.
• In Portfolio, a stock in your wallet shows Supply to earn when that stock is taking deposits.

What the Supply dialog shows

The dialog is titled with the action and the stock, such as "Supply AAPL". The information icon beside Total APY explains, in one paragraph, how supplying that stock earns.

You can type an amount, or choose 25%, 50%, 75% or Max of your balance. See How yield is generated for what each rate measures.

Approve and supply

Choose Supply. The app checks your wallet's approval first:

1. If your wallet has not yet allowed enough of your stock to be taken, it asks you to approve exactly the amount you are supplying, labelled Approve with the stock's symbol.
2. Your wallet then asks you to confirm the deposit itself.

Each step waits for the network to confirm before the next starts. When the deposit lands, the dialog says how much you supplied, with a link to the transaction. Choose Dismiss to close it. You receive shares in return, a token your wallet holds.

What you see after supplying

• The panel's Supplied row shows how much stock your shares are worth now.
• Portfolio lists the stock under Supplied, with its value in US dollars, grouped by network.
• The stock's page shows the Deposited total for that stock and its Total APY, its Rate, Share value and Allocation charts, its Maintenance roles, its Fees and its Activity.

Your Supplied amount is counted in stock. Harvests add stock, so it grows over time when the spread is positive. A liquidation lowers it. Its dollar value also moves with the stock's price. See How your stock compounds.

What happens to the stock you supply

Your stock arrives as idle stock. The curation service then supplies it to money markets as collateral, borrows the network's stablecoin against it and lends that out. It keeps part of the supplied stock idle, so smaller withdrawals can be paid at once. See Using a vault.

When supply is closed or capped

The deposit cap limits how much of the stock can be supplied in total. It never limits withdrawals. See Withdrawals.