This is a short help guide on how to borrow, deposit and utilize Lido stSOL on Larix.
You can deposit stSOL to get Larix+LDO reward.
Have your stSOL ready and follow the guide below to get Larix and LDO rewards.
Step 1: Connect Wallet
Click ‘Connect’ on the upper-right corner.
Select the wallet you use, we will use Phantom extension in this example.
Step 2: Deposit
Deposit for yields or to borrow.
Click ‘Supply’ on the right side to start the stSol deposit process.
Select a portion of your StSol or click ‘Max’ and “slider” below to adjust the supply amount.
Then click ‘Supply’.
Click ‘Approve’ to finish the process.
Step 3: Borrow stSol
Find stSOL market and click 'Borrow'
Input the amount or use ‘Max’ to see borrow Maximum, and adjust by slider below (Pledge Factor is 90%)
Click 'Borrow' & confirm the transaction
Step 4: Repay
If you borrowed using your deposited stSol, you can repay by simply clicking on the ‘Repay’ button and selecting the amount you want to pay.
Step 5: Claim rewards
Click "xxx LARIX" balance button on the top right corner to see claimable rewards and Claim.
The LDO rewards will be distributed directly to your wallet every 24 hours.