Channels Mining Guides - Huobi Wallet

Channels Mining Guides - Huobi Wallet

Note: You must ensure you understand the risks of liquidity mining, including impermanent loss, APR, APY, and potential liquidation risks if you’re using loans.

1.HECO Wallet

desktop

iPhone version:

To participate in Channels mining, you first need to have a Huobi Eco-Chain Wallet and Huobi Eco-Chain assets. Huobi Wallet is an official recommended wallet, directly connected to official nodes, and has better performance on the chain. Those who participate in Channels mining want to participate in Channels. Mining first requires a Huobi Eco-Chain Wallet and Huobi Eco-Chain assets. As the official recommended wallet, Huobi Wallet is directly connected to the official node, and the performance on the chain is better. It is the best choice for participating in Channels mining.

  • This is the guide for download Huobi Wallet and set HECO network:

https://channelsofficial.gitbook.io/channels-official/modulus/untitled/ru-he-she-zhi-heco-wang-luo

  • transfer HT in wallet as GAS Fee

  • In huobi wallet,click「Heco Defi」- 「tool」-「 Channel」

    begin mine

2.How to mining

Saving assets:

In「supply market」please choose the asset you would like to save ,this guide wil take HT as example:

  • Please fill in the amount you would like to save, and click saving

If you want to deposit assets other than HT, you must first click [settle] to approve the agreement to access the selected assets

  • Click to "Withdraw" under the input box, enter the amounts, and you can withdraw the deposit

Borrow Market

  • Before borrowing, you need to click "Collateral" to activate the collateral

  • Select the asset you want to lend under the "Borrowing Market" column. This tutorial uses HUSD as an example:

  • Enter the amount you want to deposit at the top of the pop-up box, and click [Borrow]

  • click "Repayment" and fill in the amounts, and you can repay the loan

Tip:If you want to return assets other than HT, you must first click [Enable] to approve the agreement to access the selected assets

Get CAN reward

  • Click reward in the upper right corner of the page to view the number of CANs that have been obtained

  • click claim get your reward

simple step-by-step guide to getting started on the Channels platform