MintMint
Moonwell · Acts onchain
Supplies an asset to its Moonwell market and receives mTokens for it. The market pulls the asset and mints mTokens at its current exchange rate, which only rises as borrowers pay interest, so the mTokens redeem for more of the asset over time. The step reports the mTokens minted. Supplied assets count as collateral only once their market is entered. Reach for it to earn the supply rate on an idle asset, as the first step before entering the market and borrowing against it, or to put the proceeds of an earlier swap or claim to work in the same transaction.
On other protocols · 7
