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Provide liquidity

Underwriters supply the USDC that pays protection, and are paid the premiums. This walk-through adds liquidity to an existing pool.

Your capital is at risk

If protection you back pays out, your capital pays it, up to everything you have reserved. Read Losses before you deposit.

Step 1: choose a pool​

  1. Select Underwriter at the top of the app.
  2. Open a pool from Home or Pools. Each pool sells one contract on one currency, for example USD/NGN Up cover: it pays businesses if the naira weakens.
  3. Check the pool's lengths, prices and how much of its capital is already reserved.

Step 2: add liquidity​

  1. Choose Add liquidity.
  2. Enter an amount of at least 10 USDC.
  3. Approve with your passkey.

Your USDC becomes free money in the pool. From now on, each protection the pool sells reserves part of it and pays you a share of that protection's premium straight away.

Step 3: set your preferences (optional)​

On the pool's page you can:

  • turn off Back new protection to stop your money backing new sales;
  • set the longest length of protection you are willing to back.

Step 4: follow your position​

The pool's page shows your free, reserved and earned amounts. Reserved money returns to free when the protection it backs expires.

Withdrawing​

Choose Withdraw, enter an amount up to your free money and select Request withdrawal. It is ready at once; select Withdraw next to the request to receive your USDC. See Withdrawals.