# How to lend

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

1. `approve` : approves the vault smart contract to transfer up to a certain allowance of the asset. (Note: This is a typical interaction on the Ethereum network. Read more about the 'approve' function [here](https://metamask.zendesk.com/hc/en-us/articles/6174898326683-What-is-a-token-approval-)).
2. `deposit` : lends funds to the vault. In return, the lender receives lending pool tokens ("LP tokens").

{% hint style="info" %}
Note that for some vaults, lender funds are locked until the pool's maturity date or until sufficient liquid funds are available within the pool. Please review and confirm details on each pool before lending.
{% endhint %}

<figure><img src="/files/xcOLnxfwxmdfYXHsH51h" alt=""><figcaption></figcaption></figure>


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