What is Moonwell?
Moonwell is an open lending and borrowing protocol built on Base, Moonbeam, and Moonriver. With a fresh new brand identity and a meticulously redesigned app, Moonwell aims to make onchain finance simple, secure, and accessible to everyone. Whether you are a DeFi veteran or new to the crypto space, Moonwell’s simple yet powerful features have been built to help you do more with your digital assets.
In this post, we’ll walk you through the steps to connect your Trust Wallet to Moonwell and introduce you to some of the app’s standout features such as lending and borrowing. Let’s dive in!
How to Connect Trust Wallet to Moonwell
Connecting your Trust Wallet to Moonwell is a simple and straightforward process. Follow the steps below:
Step 1: Open Trust Wallet Mobile App
- Open the Trust Wallet app on your mobile device.
Step 2: Locate the Browser
- Navigate to the Browser tab within the Trust Wallet app.
Step 3: Access Moonwell
- Mobile Users: Enter https://moonwell.fi into the search bar and tap “search” to access Moonwell.
- Desktop Users: Enter https://moonwell.fi into the address bar of Google Chrome and hit enter to access Moonwell.
- Once on the Moonwell landing page, click on “Launch App” in the top right corner.
Step 4: Connect Wallet
- Once the Moonwell app opens, click the “Connect Wallet” option in the top right.
- Read and accept the Terms of Service, Privacy Policy, and Disclaimer.
- From the list of wallet options, select Trust Wallet.
Step 5: Confirm Connection
- A pop-up will appear in Trust Wallet asking for your confirmation. Click on “Connect” to finalize the connection.
Voila! Your Trust Wallet is now connected to Moonwell, and you’re ready to explore a new world of financial possibilities.
A Quick Tour: Lending and Borrowing on Moonwell
The Moonwell app has recently been redesigned from the ground up with the goal of simplifying the onchain lending and borrowing experience. Here’s a quick rundown of how to get started on Moonwell:
Lending
- Navigate to the “Lend” page within the Moonwell app.
- Select the asset you want to lend, specify the amount, and click “Supply”.
- Moonwell on Base currently supports ETH, cbETH, wstETH, rETH, USDC, USDbC, and DAI
- Confirm the transaction in the app and in Trust Wallet.
Borrowing
- Navigate to the “Borrow” page within the Moonwell app.
- Ensure that you are already lending an asset and have enabled it as collateral.
- Choose the asset you wish to borrow, specify the amount, and click “Borrow”.
- Confirm the transaction in the app and in Trust Wallet.
Portfolio
- Navigate to the “Portfolio” page within the Moonwell app.
- From here you are able to view your open lending and borrowing positions, as well as claim any rewards that you may have waiting for you.
In just a few clicks on Moonwell, you can lend, borrow, and claim rewards—all while maintaining control over your digital assets.
Try Moonwell Today!
So, go ahead, connect your Trust Wallet to Moonwell and discover how this powerful app can enable you to do more with your digital assets!
If you have any questions or need further guidance, our international community of moderators and enthusiasts are always ready to assist you in the Moonwell Discord. Happy DeFi-ing!
To learn more about Moonwell please visit:
Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of Trust Wallet. We do not endorse any specific project mentioned in this article and are not affiliated with any of the projects or companies mentioned. The information provided is for educational and informational purposes only, and you are advised to do your own research before making any decisions
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