So you have provided collateral and borrowed some bnUSD, now lets find out how to deposit that bnUSD to the Balanced savings rate to earn enough yield to pay down your interest and keep some as profit!
🌱 Earn profit on your stablecoins. Provide them to the Balanced savings rate for an average 15% APR
Step-by-step instructions to deposit bnUSD into the Balanced Savings Rate
1. Find the the relevant task
Navigate to the season/task that is asking you to Deposit bnUSD into the Balanced savings rate.
2. Check wallet connection
Check that Hana wallet is logged in and open on the wallet you have connected to Hana rewards and wish to use for this task.
3. Head to Balanced
Under the title of the task, click Go to the Balanced app.
This will take you to the Balanced homepage, where you should have already deposited collateral and taken a bnUSD loan on Stellar.
💡 Do you hold bnUSD? This guide will assume you have already borrowed bnUSD on Stellar, following our guide here.
You can also buy your bnUSD from the market, but then you wont earn Stellar Season XP.
4. Connect to Balanced
In the top-right corner, click Sign in.
Scroll down and click Connect wallet next to Stellar.
Select Hana on the following screen.
This will connect Hana wallet to Balanced for Stellar.
5. Deposit bnUSD into the Balanced savings rate
Return to the Balanced homepage.
Scroll down to the Rewards modal.
Select Stellar from the drop-down menu and you will see your bnUSD balance.
Next to ‘Savings rate’ and the quoted APR, click Deposit bnUSD.
Using the slider of by manually entering a figure, select the amount of bnUSD to deposit to the savings rate.
Click Confirm.
6. Sign the transaction
In the Hana wallet window that appears, click Authorize to confirm the transaction.
You have successfully deposited bnUSD to the Balanced savings rate.
Claim your rewards daily by clicking Claim, within the Rewards modal.
💲 You will earn around 13% APR on your bnUSD for as long as it is provided to the savings rate. And you can withdraw at any time!
Need Help?
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