How to Make a Deposit into LayerBank to Generate a Passive Income

If you do not yet have assets on Morph, please read our various guides on how to bridge assets to Morph first: 

• How to Bridge ETH to Morph (Official Bridge)
• How to Bridge ETH to Morph with Orbiter Finance
• How to Bridge ETH to Morph with Owlto Finance
• How to Bridge weETH to Morph with Stargate

LayerBank is a cutting-edge, permissionless, non-custodial DeFi lending platform, offering a stable crypto money market service. It primarily facilitates loans using assets such as BTC, ETH, and USDC as collateral, providing a bridge for users to lend to one another.

Note: LayerBank is offering a 7x Morph Point multiplier for a limited time as part of our DeFi Frenzy campaign.

1. Visit our Morph Zoo DeFi Rewards page.
2. Scroll down until you find the LayerBank Pool you wish to deposit into, then click the Go button. For this example, we will use USDT. 

3. Click the Connect Wallet button on the top right of the page while making sure Morph is the selected network. 

4. Select your preferred wallet, log in, and accept the pop-up prompts to connect your wallet to Morph. For this example, we will continue with Bitget Wallet, but the process will be similar regardless of the wallet you use.

5. Once connected, enter the amount of USDT you wish to deposit within the Supply module. Click Approve USDT when ready.

6. Review, Approve, or Confirm the transaction in your wallet. 

7. Once approved, click the newly enabled Supply button. 

8. Confirm the transaction in your wallet. 

9. Now you will be able to see key information under My Stats, including the amount supplied and your APR. 

To help you get an estimate of your Morph Points earning potential during our promotional periods, we’ve included an easy-to-use calculator below. 

• Simply enter the USD value of your deposit, the number of days your deposit will be held, and select the specific protocol pool or vault. 
• Our calculator will automatically factor in ETH’s current price and other parts of our points formula including the multipliers and coefficients. 
• To see the estimated value of your Morph Points based on market prices on Whales Market or Bubbly, simply check current prices and enter them into the last field.  
• Please note: The 7x promotional multiplier only applies to the first 7 days between Monday, Feb 24, 9 am EST - Monday, March 3, 9 am EST. Be mindful of the days left in the promotional period when selecting the days in the calculator.