How to start with DAO to DAO Loans?
The rest of the tutorial assumes that you have the basic understanding with ERC20 and Web3. If you are totally green hand to web3, it might not be the best idea to jump into a D2D as your first step - grasping the basic information at first is highly recommended.
The first thing you need to do is to enter the D2D Loan portal. This can be done by going to d2d.kyoko.finance where you will be greeted with the 'Bank' page that shows some basic information and statistics about the credit bank.
Please ensure that you only follow the official links in this article.
d2d entrance
d2d index
The next step is to connect your wallet. After entering the credit bank page, the connect wallet page will automatically pop up or you can click the Launch App button in the top right side. Here, you can choose from a number of options: MetaMask or other web3 wallets through WalletConnect.
connect wallet
Go to the BANK page, click button Supply, then a popup will appear.set the amount or click button Max to apply the maximum amount of the USDT token in your wallet, which could be used to supply in the credit bank as the liquidity. Then click the Supply button.
Connect with wallet to Approve token and Confirm the transaction.
Approve the Supply
Confirm the Supply
🎉🎉🎉 Congratulations. You have become a liquidity provider of kyoko bank and you will earn rewards from it.
Tip: First of all, you must have a credit limit. For more information on applying for a credit limit, please refer to: apply credit whitelist.
Go to the borrow page, set the borrow amount or click button Max to borrow the maximum amount of the USDT token in your credit account, then click the Borrow button.
Borrow from Credit Amount
Connect with wallet to Confirm the transaction.
Confirm Borrow
When the transaction is completed, your wallet will receive USDT tokens.
Click Account to enter the user account data page, where the user can see the Supply balance, the Borrow amount and the usage of the credit limit.
Click Withdraw to withdraw the token you supply.
Withdraw the Supply Token
Connect with wallet to Confirm the transaction.
Confirm the Withdraw
Go to the ACCOUNT page, click button Repay to repay the token you borrow.
Connect with wallet to Approve token and Confirm the transaction.
Approve the Repay
Confirm the Repay
If something is missing in the documentation or if you find some parts are confused, please email your suggestions for improvement to [email protected], or tweet at the @Kyoko account. We would love to hear from you!
Last modified 9mo ago