Earn - Renew a position

Once an earn position has ended you can choose to renew it for a further period of time. The BUMP tokens which were bonded when you opened your original position will continue to be used for your bond on your renewal position.

  • Navigate to the dApp and ensure your wallet is connected

  • Select the Market you would like to renew the position in

  • Find the position in the earning ‘Positions’ summary

  • Select the ‘Renew’ icon

  • In the pop-up you will see:

    • the amount you’re renewing

    • the renewal term. This will be the same as your initial term

    • the risk tier you chose for the original deposit

    • the Bond that remains locked in the protocol

    • the trading fee for renewing your position

    • an estimated incentive paid in BUMP tokens for using the protocol.

  • Select ‘CONFIRM’ to open your web wallet and complete the transaction

  • Now approve the transaction in your web3 wallet, and then wait for it to be confirmed on the blockchain

  • Once completed, you’ll see your renewed position in the ‘Position’ section.

Please note that Current Yield and Current Yield Rate may be inaccurate for the first 3 days until the protocol has completed the first phase of its Yield Development Time to more accurately determine your current yield.

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