The example below uses the Metamask wallet to deposit USDC using the Ethereum Blockchain into one of Yearn’s Finance Vaults for earning yield.
Step 1: Preparing your decentralized wallet
Interacting with Yearn will require a decentralized wallet such as Metamask. Ensure that you have sufficient USDC in your wallet and since the Ethereum blockchain will be used, will require sufficient ETH to pay as gas fees for the transaction.
Step 2: Connect your wallet to Yearn.
Go to the Yearn website and connect your wallet.
Step 3: Selecting a vault
Choose the token you wish to deposit, in this case USDC and the Blockchain network you will be using to do it, in this case Ethereum.
Yearn will list available Vaults that you can use and the Estimated APY you can expect to earn.
Step 5: Confirm transaction in Metamask
Your decentralized wallet will pop up asking you to confirm transaction and the estimated network fees.
Step 6: Verify amount has been deposited in the Yearn Vault.
Step 7: Withdraw
To withdraw funds at the desired time.
Step 8: Disconnect wallet
Disconnect wallet from Yearn and log out of the Metamask wallet.
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