To become a Lender on Primex and earn lending interest, you have to deposit assets in Credit Buckets. It takes a few simple steps outlined below.
Step 1. In the header menu, choose Earn->Buckets
Step 2. Choose your preferred Bucket and click on Deposit once you hover over it
You can earn instant early Primex Token rewards by depositing for a fixed term of 3 or 6 months.
Step 3. In the next window, enter the number of the asset you want to deposit or click MAX if you want to deposit the maximum available amount of assets on your wallet or account balance
Choose the deposit term for additional instant ePMX rewards and opt for either New deposit or Lock a standard deposit for a fixed term.
Step 4. Click the Deposit button and confirm the transaction in your blockchain wallet
If you deposit liquidity to a particular Bucket for the first time or didn't provide big enough approval earlier, you will have to sign two transactions - Approve and Deposit. If you click the checkbox 'Allow spending current balancel', you will not have to send the approval transaction for the same Bucket again.
Step 5. Wait for a notification that your deposit has been successful
That's it! Now you will be earning passive income in the deposited asset based on the Interest Rate of a chosen Bucket and receive ePMX token rewards instantly based on the deposit amount and fixed term. The longer the term, the higher ePMX rewards you get.
To learn more about Credit Bucket parameters you might want to consider when choosing buckets to lend, please refer to the article.
This guide explains how to check your Lender Balance and earned interest.
The steps described above are the common workflow, but you can also deposit to Buckets from other pages, such as:
Bucket Details page
To access it, click on the chosen Bucket name on the main Buckets page.
Table View
You can also deposit to a Bucket in the Table View on the Buckets page by hovering over the desired one and clicking Deposit.
Lender Deposits page
Go to Earn->Deposits. Here you can either deposit to buckets you lent to before or create a deposit in a new bucket (forwards you to the main Buckets page).
