Lend & Borrow with Kinetic Market
About Kinetic Market:
Kinetic Market lets users supply (lend) assets to earn APY and borrow against supplied collateral. Now you can simply lend and borrow with Kinetic via Luminite Wallet.
How to Lend (Supply) using Kinetic Market
1. Open the Earn section
Navigate to 'Earn' from the main menu on https://www.luminite.app/earn
Locate Kinetic Market and click 'Explore'. https://www.luminite.app/kinetic
2. Choose asset
In the Dashboard section, find the asset you want to supply
Click Supply on the asset’s card.
3. Enter supply amount
Type the amount you wish to supply.
The interface will display: Supply APY, Distribution APY, and Collateral Factor. Review these carefully.
4. Enable as collateral
Toggle Enable as collateral ON if you plan to borrow against this supply. If you do not want it used as collateral, leave it OFF.
Note: Enabling as collateral increases your borrowing power but also exposes that supplied asset to liquidation risk if your borrowing position becomes undercollateralized.
5. Supply
Click Supply.
Wait for the transaction to be mined/confirmed.
6. Complete & Track Your Rewards
A success notification will appear in the top‑right corner once the transaction completes.
Your supplied balance will now show in the Dashboard
Rewards update in real-time
Remember to claim your rewards
Tips & checks
If the supplied asset requires an approval transaction, you may see an initial Approve step before the Supply — confirm that first.
Check the Collateral Factor (CF) to understand how much you can borrow against this asset (e.g., CF 75% means 75% loan-to-value for that asset).
How to Borrow using Kinetic Market
Prerequisite: You must have supplied assets with 'Enable as collateral' switched ON.
1. Go to https://www.luminite.app/kinetic
2. Choose asset to borrow
On the Dashboard, select the asset you want to borrow.
Click Borrow on that asset’s card.
3. Enter borrow amount
Enter the amount you want to borrow. Note the UI shows your available borrow limit based on your collateral.
Note: The maximum borrow amount equals the borrowing power provided by your collateral - it may be lower than your supplied amount depending on collateral factors and existing borrows.
4. Click 'Borrow' and confirm the transaction in your wallet.
Wait for the transaction to process.
5. Complete the Transaction
A success notification will appear in the top‑right corner once the borrow transaction completes.
Your borrowed balance and outstanding debt will be visible in the Dashboard.
Notes & warnings
Borrowing increases liquidation risk. Monitor your Health Factor regularly.
Interest accrues on borrowed assets - check the Borrow APY
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