In this article:
- How to open an earn position
- How to close an earn position
- How to renew an earn position
To earn a yield, you need to deposit stablecoins, and bond BUMP tokens into the Bumper dApp.
Once you’ve navigated to the dApp and connected your wallet, select the EARN tab, and then click the orange EARN button.
There are now four things you need to decide on.
1. Market - Which market you want to provide liquidity for.
2. Amount - How much of your stablecoin to deposit.
3. Term - How long you want to deposit your stablecoin for.
4. Tier - Your risk tolerance, from lowest (1) to highest (5).
Once you are happy, confirm your deposit position, and then approve the transaction in your web3 wallet.
Click here for a step-by-step guide to opening an earn position.
Terms expire with your position in two possible states: In Profit or In Loss.
Either way, you can now choose to close your position, or renew it.
Close your Earn position
To do this, click on the [X] on the associated earn position. You will be given a summary of how much will be returned to you, as well as your BUMP bond and any incentives you’ve earned. Once you approve the transaction, funds will be transferred to your wallet.
Click here for a step-by-step guide to closing and withdrawing from an earn position.
You also have the option to renew your position at the end of the term. Renewing allows you to set a new term and risk tier.
To renew your term, simply click on the Renew button on the associated position. Now set a new term and tier, and then confirm as before.
Click here for a step by step guide to renewing your earning position.
