Depositing Tokens to the Lending Pool

Chelo Lending user guide

If there are no lending pools with the token you want to lend and you have just created it, you’ll need to deposit funds to it.

  • Click “Deposit” in the button at your right, a Modal will show you the different options and tokens you can deposit.

  • You can select the token and amount to deposit. There are 2 types of deposits possible:

    • from a DAO member. This can be done directly from our app -- after clicking “Approve” two transactions will be triggered and submitted.

    • from the DAO itself. This one must be approved in the Main DAO dashboard, the DAO vault or agent app must have funds to execute this operation.

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