Guide: Bomb.money pool
In this quick and handy guide, we will take a look at how you can participate in the Midas Capital isolated pools on BNB Chain with Bomb.money
Below is the step-by-step breakdown of how you can get started with the pool.
I. Supplying
Step 1: Make sure your wallet is connected to BNB network
If you do not have BNB Chain network in your wallet, simply go to: https://chainlist.org/
Connect your wallet and type “Binance” in the search window
Press “Add To Metamask”
Step 2: Go to https://app.midascapital.xyz/
Step 3: Connect your wallet
Step 4: Choose the pool you want to interact with and click on it
Step 5: Choose the asset you want to supply
Step 6: Choose the amount you want to supply and click confirm
Step 7: Confirm transactions
II. Borrowing
Once you’ve supplied liquidity, you can now borrow assets
Step 1: Choose the asset to borrow
Note: Keep in mind the LTV ratio (max amount of tokens that can be borrowed with specific collateral)
Step 2: Choose the amount you want to borrow and click confirm
Step 3: Confirm transaction
III. Repaying
Step 1: Click on the asset you borrowed
Step 2: Click “Repay”
Step 3: Click “MAX” and confirm
Keep in mind that you will need to repay a higher amount than the amount you borrowed due to accrued interest.
Step 4: Confirm transaction
IV. Withdrawing
Step 1: Click on the asset you supplied
Step 2: Click “Withdraw”
Step 3: Click “MAX” and confirm
Step 4: Confirm transaction
About Midas Capital
Midas Capital is bringing isolated and customizable money markets to EVM-compatible blockchains. Enabling users, DAOs, and protocols to create customized and isolated pools for lending and borrowing any asset, Midas is building a cross-chain ecosystem that democratizes money markets. Pool creators have the flexibility to modify pool parameters (interest rate curves, oracles, collateral factors, pool fee, etc.) according to their risk appetite. With isolated pools, Midas offers stellar features for large-scale institutions, protocols, and traditional investors.
