School of PembRock
  • 🔥Welcome to PembRock Finance
  • ‼️Risks
    • Risks for Farmers
    • Risks for Lenders
  • What is Leveraged Yield Farming?
  • About PembRock
    • How PembRock Finance Works
    • Ref Finance integration
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    • How-To Guides
      • How to create a NEAR wallet
      • Lending: Step-by-step guide
      • Farming: Step-by-step guide
      • How to buy PEM
      • How to Stake PEM & Join DAO
      • How to claim $PEM token on Meta Yield
    • NEAR Protocol Introduction
    • General DeFi Investing
      • What Is DeFi?
      • CEX vs. DEX
      • How to Become a Liquidity Provider (LP)
      • Understanding Impermanent Loss
      • Token Correlation
      • The Importance of Diversification
    • Leveraged Yield Farming Education
      • Farming roles explained
      • Providing Liquidity to DEXes — Key Benefits
      • Undercollateralization: The Key to Leveraging
      • Yield Farming Myths Busted!
      • Key Leveraged Farming Strategies
      • How to Avoid Getting Rekt in Leveraged Yield Farming
      • Calculating Leveraged Yield Farming Returns
      • The Power of Hedged Positions
      • The Big Short—PembRock Style
      • Yield Farming with Leverage: How to Maximize Returns
      • Useful Links & Tools
    • Yield Farming Glossary
  • Legal notes
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On this page
  • How lenders benefit from PembRock Finance
  • PembRock’s lending functionality: step-by-step
  • How to claim rewards
  • How to withdraw

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  1. Education
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Lending: Step-by-step guide

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Last updated 2 years ago

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In this quick guide we’ll take you through the PembRock lending functionality step-by-step, giving you all the info you need to know to get stable returns.

How lenders benefit from PembRock Finance

There are two roles on , lender and yield farmer. Farmers are able to leverage their current holdings by up to 3x to receive triple the rewards, while lenders provide the funds that make this possible. Consequently, they are rewarded — without taking on any of the risks of liquidation, they can gain regular returns which are auto-compounded.

PembRock’s lending functionality: step-by-step

If you haven't created a NEAR wallet and loaded it with crypto, see the NEAR Guide for how to do it in the easiest possible way:

Once you have NEAR or other tokens in your wallet, they can be swapped for PEM, REF, or other tokens not listed on centralized exchanges through the NEAR DEXes , or . Then, follow these few easy steps to start lending on PembRock Finance:

Step 1: Open the and connect your NEAR wallet by clicking on the Connect wallet button in the top right corner.

Step 2: Once you connect you’ll find yourself in the Portfolio Overview section; select the currency you wish to lend and press Lend. You can also do this in the Lend section of the PembRock app.

Step 3: You will be taken to the specific page of the token you wish to lend, and there you can enter the amount you wish to provide and confirm the transaction.

Step 4: Congratulations, your crypto is already working for you. You will be able to check your balance by clicking the Lend pools tab. What's more, early lenders can take a share in our fair launch rewards, which start being distributed on July 15 at 4pm (CET).

Please note: You can lend in more than one pool at a time. It simply depends on how many different types of currencies you choose to put in your NEAR wallet.

How to claim rewards

  1. Go to your portfolio and click Lend pools

  2. On the top right-hand side, you will see the amount of unlocked rewards on the platform.

  3. Click Claim to approve the transaction.

  4. Congratulations! Funds will appear in your NEAR wallet.

How to withdraw

  1. Go to the Lend tab.

  2. Next to your position(s), you will see a Withdraw button, click it to go to your position.

  3. Select the amount you wish to withdraw, and then confirm the transaction.

  4. Congratulations, you have withdrawn funds to your NEAR wallet!

To learn more about leveraged yield farming and how you can profit, visit our .

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