Chee Finance’s major objective is to offer an easy-to-use loan protocol. Furthermore, as Celo is on a mission to make DeFi available to all smartphone users worldwide, the Chee Finance team opted to incorporate the new mobile UI design into the production, in order to fulfill such important goals. Thanks to Chee Finance, users can lend or borrow more easily and quickly, no matter where they are.
Here is a straightforward tutorial to tell you how to try Chee Finance on your smartphone.
To access the Mainnets: First of all, search one of the supported networks on Chainlist.org and add it to your MetaMask. Then click on the network switch button on the downright side of the Metamask and select the network you want to use.
Step 1: Select a market to supply
First, go to the “Supply Market” section and select your targeted token.
Step 2: Enter how much amount is to be supplied
Enter the amount you would like to receive. You can supply tokens up to the amount in your wallet.
Step 3: Provide the number of tokens you have selected
Press the “Supply” button and then confirm the transaction on MetaMask.
Step 1: Select an asset to enable as collateral
You must go to the “Supplied” section and allow your asset as collateral. Afterward, you have to confirm the transaction in the MetaMask.
Step 2: Choose an asset to borrow
Go to the “Borrow Market” area and pick your target token.
Step 3: Enter the amount you wish to borrow
Fill in the amount you want to borrow. Please keep in mind that you can borrow tokens based on your current balance.
Step 4: Borrow the number of tokens you have chosen
Press the “Supply” button and then confirm the transaction on MetaMask.
Step 1: Select a market to repay.
Select your target token from the "Borrowed" section.
Step 2: Turn on the “Repay Borrow” button
At the upper right of the card, click the Repay Borrow tab. Click on the “Enable” button.
Step 3: Verify the MetaMask authorization access. Click on the “Approve” button to confirm the access.
Step 4: Enter the amount to be repaid Enter the amount you want to pay back.
Step 5: Repay the number of tokens you have selected Press the “Repay Borrow” button and confirm the transaction on MetaMask.
Chee Finance is a decentralized money market based on the Celo, Meter, Polygon, and BNB Chain networks that provides advanced cross-chain non-custodial FT and NFT liquidity. In a secure and permissionless manner, users could effortlessly lend, borrow, and earn interest on their digital assets.