> ## Documentation Index
> Fetch the complete documentation index at: https://docs-staging.centuari.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Getting Started as a Lender

> Start earning fixed yields on your stablecoins

## Overview

Lenders supply capital to Centuari and earn fixed interest rates. Your position is tokenized as CBT (Centuari Bond Token), which can be held to maturity or traded for early exit.

## Prerequisites

Before you begin, you'll need:

<CardGroup cols={2}>
  <Card title="Login Method" icon="user">
    Wallet, social login, or email (via Privy)
  </Card>

  <Card title="Stablecoins" icon="coins">
    USDC, USDT, or DAI on any supported chain
  </Card>
</CardGroup>

## Quick Start

<Steps>
  <Step title="Login">
    Visit [app-staging.centuari.finance](https://app-staging.centuari.finance) and login using any of these methods:

    * **Wallets**: MetaMask, Coinbase Wallet, WalletConnect, Rabby
    * **Social**: Google, Twitter/X, Discord
    * **Email**: Passwordless email login

    <Info>
      Centuari uses **Privy** for authentication, giving you flexible login options whether you prefer wallets or social accounts.
    </Info>
  </Step>

  <Step title="Select Asset">
    Choose which stablecoin to lend:

    * **USDC**: Most liquid, highest adoption
    * **USDT**: Alternative USD stablecoin
    * **DAI**: Decentralized option

    <Frame>
      <img src="https://mintlify.s3.us-west-1.amazonaws.com/centuari/assets/gifs/lender-select-asset.gif" alt="Selecting asset to lend" />
    </Frame>
  </Step>

  <Step title="Enter Amount">
    Specify how much to lend (minimum 1 USD equivalent).

    Your available balance displays automatically based on connected wallet.
  </Step>

  <Step title="Choose Mode">
    <Tabs>
      <Tab title="Easy Mode">
        **Recommended for beginners**

        * One click to lend
        * Rate automatically optimized
        * Auto-rollover enabled

        Perfect if you want "set and forget" fixed-rate exposure.
      </Tab>

      <Tab title="Advanced Mode">
        **For experienced users**

        * Set your exact rate
        * Choose specific maturity
        * Configure auto features

        Choose if you need precise control over terms.
      </Tab>
    </Tabs>
  </Step>

  <Step title="Confirm">
    Review your order details and confirm.

    <Info>**Gasless**: Centuari covers gas fees. No ETH needed for gas.</Info>
  </Step>

  <Step title="Receive CBT">
    Once your order matches, you receive CBT tokens representing your position.

    <Frame>
      <img src="https://mintlify.s3.us-west-1.amazonaws.com/centuari/assets/gifs/lender-receive-cbt.gif" alt="Receiving CBT tokens after order match" />
    </Frame>
  </Step>
</Steps>

## Understanding Your Position

### CBT Tokens

When you lend, you receive CBT (Centuari Bond Token):

| Concept           | Explanation                                                                            |
| ----------------- | -------------------------------------------------------------------------------------- |
| What is CBT?      | Tokenized lending position                                                             |
| How does it work? | You receive more CBT than your deposit (at discount price), each worth \$1 at maturity |
| Example           | Lend $10,000 at 10% for 1 year → receive 11,000 CBT → redeem for $11,000               |

### Position Dashboard

Your dashboard shows:

* **Current Value**: CBT quantity × current price
* **Rate**: Your locked fixed rate
* **Maturity**: When position matures
* **Accrued Interest**: Interest earned so far
* **Auto Rollover**: Status (on/off)

## What Happens at Maturity?

<Tabs>
  <Tab title="Auto Rollover ON">
    Your position automatically extends:

    1. Original position matures
    2. New lend order placed at market rate
    3. New CBT issued
    4. Continuous earning with no action

    **Best for**: Users wanting continuous exposure
  </Tab>

  <Tab title="Auto Rollover OFF">
    You receive your principal + interest:

    1. Position matures
    2. CBT redeems at \$1 each
    3. Stablecoins sent to wallet

    **Best for**: Users wanting funds back at specific date
  </Tab>
</Tabs>

## Example: First Lend

Let's walk through a complete example:

**Your goal**: Lend \$10,000 USDC maturing June 1

<Steps>
  <Step title="Connect & Navigate">
    * Connect wallet with 10,000 USDC
    * Click "Lend" on dashboard
  </Step>

  <Step title="Configure (Easy Mode)">
    * Select USDC
    * Enter 10,000
    * Click "Lend" (Easy Mode default)
  </Step>

  <Step title="Review">
    System shows:

    * Estimated rate: 7.8% APY
    * Maturity: June 1
    * Auto rollover: Enabled
    * Projected return: \~\$195
  </Step>

  <Step title="Confirm">
    Confirm your order
  </Step>

  <Step title="Wait for Match">
    Order enters book. Usually matches within minutes to hours.
  </Step>

  <Step title="Position Active">
    * Receive 10,195 CBT (more than deposit, at \~\$0.98 each)
    * Each CBT worth \$1 at maturity
    * Position now earning 7.8% fixed
    * View in dashboard
  </Step>
</Steps>

## Tips for New Lenders

<AccordionGroup>
  <Accordion title="Start with Easy Mode" icon="wand-magic-sparkles">
    Easy Mode handles rate optimization and auto features. Great way to learn without complexity.
  </Accordion>

  <Accordion title="Understand CBT Mechanics" icon="book">
    You receive more CBT than you deposited, each priced at a discount. The CBT price rises toward \$1 as maturity approaches - that's your interest accruing.
  </Accordion>

  <Accordion title="Plan for Maturity" icon="calendar">
    Know when your position matures. Decide ahead of time: auto rollover or withdraw?
  </Accordion>

  <Accordion title="Diversify Maturities" icon="layer-group">
    Consider spreading across multiple maturities for regular liquidity.
  </Accordion>
</AccordionGroup>

## Next Steps

<CardGroup cols={2}>
  <Card title="Supply Capital" icon="coins" href="./supply-capital">
    Deep dive into lending mechanics
  </Card>

  <Card title="Trade Positions" icon="arrow-right-arrow-left" href="./trade-positions">
    Learn about early exit options
  </Card>

  <Card title="Vault Allocation" icon="vault" href="./vault-allocation">
    Explore managed vault options
  </Card>

  <Card title="Yield Optimization" icon="chart-line" href="./yield-optimization">
    Advanced strategies for maximizing returns
  </Card>
</CardGroup>

## FAQs

<AccordionGroup>
  <Accordion title="What's the minimum to lend?">
    1 USD equivalent (1 USDC, 1 USDT, or 1 DAI).
  </Accordion>

  <Accordion title="How long until my order matches?">
    Depends on market conditions. Easy Mode optimizes for quick matching. In normal conditions, minutes to hours.
  </Accordion>

  <Accordion title="Can I cancel before matching?">
    Yes. Unmatched orders can be cancelled anytime at no cost.
  </Accordion>

  <Accordion title="What if I need funds before maturity?">
    Sell your CBT on the order book. See [Trade Positions](./trade-positions).
  </Accordion>
</AccordionGroup>

<Card title="Start Lending" icon="rocket" href="https://app-staging.centuari.finance">
  Launch the app and earn fixed yields
</Card>