Flux Protocol — Start Lending and Borrowing!

1. Connecting to Flux Protocol

Before using the basic functions, the first thing you need to do is to connect your wallet to Flux Protocol. Open Flux Protocol by visiting: https://flux.01.finance/. To connect your ConfluxPortal account with Flux, navigate to the top right corner of the website, and click “Connect Wallet”. Afterward, select the account on ConfluxPortal to connect to Flux and submit the connection by clicking on “Submit”. (Instead of “Connect Wallet”, you will see your Conflux Portal account)

Connecting your Conflux Wallet to Flux Protocol

2. Account Overview

When visiting https://flux.01.finance/, Flux will show your Account Overview by default. The Account Overview shows the basic information of the connected account, such as total supply balance, total borrow balance, total borrow limit, and the connected account’s total collateralization ration. The Account Overview also shows which assets have been supplied to and borrowed from the platform, and more.

Account Overview
Navigate back to the Account Overview

3. Market Overview

To view more general information about the individual money markets on Flux, navigate to Market Overview via https://flux.01.finance/markets or by clicking on “Market” on the top of the platform:

Navigate to Market Overview
Flux Protocol — Market Overview

4. Supplying (Lending) & Borrowing

In the Account Overview, the assets that can be supplied into Flux are on the left and the assets that can be borrowed from Flux are on the right!

Account Overview Information

4.1 Supplying (Lending)

4.1.1 Supply assets into the money market

Select the desired money market to supply assets, input the amount to be supplied, click on “Supply” and confirm the transaction on ConfluxPortal.

Supplying cETH into the money market

4.1.2 Withdraw supplied assets from money market

If you want to withdraw previously supplied assets from the money market, select the specific money market, input the amount to be withdrawn, click on “Withdraw” and confirm the transaction on ConfluxPortal.

Withdrawing cETH from the money market

4.2 Borrowing

Before borrowing assets, you need to supply assets into Flux Protocol. The supplied assets will be used as collateral in order to borrow assets from the money markets! Below is the list of the asset’s collateral factor:

Collateral Rate Example

4.2.1 Borrowing assets from the money market

Select the desired money market to borrow assets from, input the amount to be borrowed, click on “Borrow”, and confirm the transaction on ConfluxPortal.

Borrowing cETH from the money market

4.2.2 Repay borrowed assets to money market

If you want to repay previously borrowed assets (borrow outstanding) back to the money market, select the specific money market, input the repay amount, click on “Repay” and confirm the transaction on ConfluxPortal.

Repaying borrowed cETH from the money market

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Flux Protocol

Flux Protocol

Flux Protocol is a borderless lending protocol, where low transaction fees and cross-chain interoperability are the reality