How To Deposit USDL into the Stability Pool (Quick Guide)

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By Connor
Estimated reading: 2mins

It’s no secret at this point, USDL is an AWESOME stablecoin.

It is truly-decentralized, fully-backed and generated by a protocol with no admin keys, no governance, and a decentralized oracle called Fetch.

But in order to unlock its full power, you need to earn trustless yield by becoming a stability provider.

Follow this Step-by-step guide to deposit USDL in the Stability Pool and become a stability provider.

How To Deposit USDL in the Stability Pool

How To Deposit USDL in the Stability Pool

Step 1: Obtain USDL

In order to deposit USDL in the Stability Pool, you must first have USDL

You can buy USDL on PulseX or another decentralized exchange.

Step 2: Visit The Liquid Loans dApp

The link for the Mainnet dApp is here.

Step 3: Connect Wallet

Once you’ve signed into your wallet, click “Connect Wallet” in the top right corner of the dApp.

LL Connect Wallet

Choose Metamask Wallet or Other.

Connect Wallet Stability Pool

Step 4: Deposit USDL into Stability Pool

Choose “Stability Pool” from the left sidebar.

Choose Stability Pool

Choose the amount of USDL you would like to stake then click “Confirm”.

Become a Stability Provider

Confirm the transaction in your wallet.

Confirm Transactions Become Stability Provider

Congratulations, you have successfully become a Stability Provider for USDL!

Step 5: Monitor Your USDL

The Liquid Loans dApp displays your position in the Stability Pool on the right side of the screen.

Monitor Stability Pool

You can monitor your existing stakes, your share of the pool and your rewards.

Your rewards come in the form of LOAN token emissions on a time based schedule as well as liquidations gains when you buy back vaults under 110% collateral ratio.

Note: With every liquidation, your USDL converts itself into PLS. If you wish to minimize your exposure to PLS and maximize your exposure to USDL, make sure to frequently claim your PLS rewards and sell them (or LOAN them) for USDL.

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Disclaimer:Please note that nothing on this website constitutes financial advice. Whilst every effort has been made to ensure that the information provided on this website is accurate, individuals must not rely on this information to make a financial or investment decision. Before making any decision, we strongly recommend you consult a qualified professional who should take into account your specific investment objectives, financial situation and individual needs.

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Connor is a US-based digital marketer and writer. He has a diverse military and academic background, but developed a passion over the years for blockchain and DeFi because of their potential to provide censorship resistance and financial freedom. Connor is dedicated to educating and inspiring others in the space, and is an active member and investor in the Ethereum, Hex, and PulseChain communities.

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