# Lending to DAO pools

### How do I lend? <a href="#what-are-lending-pool-tfi-lp-tokens" id="what-are-lending-pool-tfi-lp-tokens"></a>

Users can lend to TrueFi DAO pools at <https://app.truefi.io/lend>.

Once a user is ready to lend, the user will need to complete two transactions:

1\) `approve()`: User must approve the lending pool smart contract to transfer up to a certain allowance of the asset. Read more [here](https://metamask.zendesk.com/hc/en-us/articles/6174898326683-What-is-a-token-approval-).

![](https://1577631410-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MOBxBNTVTribg0rlJSW%2Fuploads%2FJFDcjvtFjOQRxfoH5Yxk%2Fimage.png?alt=media\&token=67c42ff2-52aa-4ff9-88f8-274a972bac89)

2\) `lend()`: User lends funds to the lending pool. In return, the lender [receives lending pool tokens](https://docs.brila.finance/brila-protocol/other-concepts/legacy-dao-pools/how-lending-pool-lp-tokens-work#what-are-lending-pool-tfi-lp-tokens) ("LP tokens").

&#x20;​![](https://1577631410-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MOBxBNTVTribg0rlJSW%2Fuploads%2F5CH4vNZE4Ttrb6p8ZSII%2Fimage.png?alt=media\&token=32bb9a75-260a-43f1-a62e-ffd610985725)

The lender can optionally [stake their LP tokens to farm TRU rewards](https://docs.brila.finance/brila-protocol/other-concepts/legacy-dao-pools/pool/farming-liquidity-mining), which generate additional yield on top of underlying returns in the pool.

### Why do I see two options after I click 'Lend'? <a href="#why-do-i-see-two-options-when-i-click-lend" id="why-do-i-see-two-options-when-i-click-lend"></a>

The TrueFi app helps to find lenders the best price when they lend to the pool.&#x20;

Lenders can choose between (i) lending funds directly to the pool and minting LP tokens, or (ii) buying LP tokens on a secondary market (Uniswap).&#x20;

In the example shown in the screenshot below, the UI shows that the user may be able to get a better price and incur lower gas costs by going directly to Uniswap to get tfUSDC.

![](https://1577631410-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MOBxBNTVTribg0rlJSW%2Fuploads%2FGchlD82HFvUyxNQAGJe1%2Fimage.png?alt=media\&token=4b01ae4a-4489-4154-bd59-abcf77fc6abb)

### TrueFi Lending Pool smart contracts

<table><thead><tr><th width="205.04059574152853">Pool</th><th>Address</th></tr></thead><tbody><tr><td>tfTUSD</td><td><a href="https://etherscan.io/address/0x97cE06c3e3D027715b2d6C22e67D5096000072E5">0x97cE06c3e3D027715b2d6C22e67D5096000072E5</a></td></tr><tr><td>tfUSDC</td><td><a href="https://etherscan.io/address/0xA991356d261fbaF194463aF6DF8f0464F8f1c742">0xA991356d261fbaF194463aF6DF8f0464F8f1c742</a></td></tr><tr><td>tfUSDT</td><td><a href="https://etherscan.io/address/0x6002b1dcB26E7B1AA797A17551C6F487923299d7">0x6002b1dcB26E7B1AA797A17551C6F487923299d7</a></td></tr><tr><td>tfBUSD</td><td><a href="https://etherscan.io/address/0x1Ed460D149D48FA7d91703bf4890F97220C09437">0x1Ed460D149D48FA7d91703bf4890F97220C09437</a></td></tr><tr><td>Legacy tfTUSD</td><td><a href="https://etherscan.io/address/0xa1e72267084192db7387c8cc1328fade470e4149">0xa1e72267084192db7387c8cc1328fade470e4149</a></td></tr></tbody></table>