What Is DeFi Lending?
Decentralized lending lets you earn interest on your crypto or borrow against it — without handing custody to a bank or centralized exchange. Smart contracts hold the collateral and enforce the rules.
Step 1: Get a Non-Custodial Wallet
You'll need a wallet that supports XRPL. Xumm (now Xaman) is the most widely used. Never share your seed phrase with anyone.
Step 2: Fund Your Wallet with XRP
You need XRP to cover ledger fees and to activate your account (minimum 10 XRP reserve). Buy from any major exchange and send to your wallet address.
Step 3: Supply an Asset to Earn Yield
On RheoFI, navigate to a market, connect your wallet, and click Supply. Choose the amount. Your funds are locked in the market's smart contract and immediately start earning interest.
Step 4: Understand What You're Taking On
Before supplying: read the market's collateral factor, liquidation threshold, and current utilization rate. Higher utilization = higher yield but slower withdrawals.
Common Mistakes to Avoid
- Borrowing too close to the collateral factor
- Ignoring oracle price feeds for volatile collateral
- Forgetting that smart contracts are not FDIC-insured
FAQs
No. RheoFI is non-custodial and permissionless — connect your wallet and interact directly with the protocol.
