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.