Supply and withdraw assets
Learn how to supply and withdraw assets from a market on Omm.
If your wallet holds assets with a market on Omm, you’ll see them listed on the Home page as available to supply. If not, deposit USD with Bridge (requires a verified identity), or view all markets to see which assets are compatible, then send one to your wallet.
When you have an asset available to supply:
- 1.Click the asset listing to expand it.
- 2.Click Supply and choose the amount. Your expected daily interest and Omm rewards will update as you adjust the value.
- 3.Click Confirm and complete the transaction.
Your supplied amount will increase over time to reflect your daily interest. To claim your Omm rewards, go to the Rewards page.
Depending on your wallet, you may see an equivalent amount of an Omm interest token (i.e. oUSDS, osICX) appear for the asset you supplied. This is how your supply – and the interest added to it – is tracked.
If you need to use your supplied assets, you can withdraw them at any time*.
From the 'Your markets' section:
- 1.Expand the market listing for the asset you want to withdraw.
- 2.Click Adjust, then choose the amount to withdraw.
- 3.Click Confirm and complete the transaction.
*If you've borrowed assets, some of your supply will be locked. Pay off some or all of your debt if you need to withdraw more.
If you supply ICX, it's added to a staking pool so it continues to earn staking rewards. It's represented by a token called Staked ICX (sICX), which increases in ICX value over time. If you want to supply sICX, change the view in the Supply section from
ICX to sICX.When you withdraw from the ICON market, you can wait for your ICX to unstake, or receive sICX which you can use with Omm or Balanced. Unstaking on ICON takes 5-20 days, but it may take less than 3 days if enough ICX is supplied to Omm while yours unstakes.
Last modified 1yr ago