> For the complete documentation index, see [llms.txt](https://docs.maple.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.maple.finance/maple-institutional-for-lenders/lending.md). # Lending Lending is the easiest way to earn with Maple Finance. Lenders deposit into a pool to earn interest denominated in the pool's liquidity asset. This interest is determined by the loan terms set by Maple's credit underwriting and risk management. Lenders will not need MPL tokens to participate in lending. Lending Opportunities on Maple (called Pools) are permissioned. When Lenders complete KYC, their wallets are automatically added to Maple's Global Allowlist. This means that Lenders' wallets can access every Opportunity on Maple. **Approvals** The first time you lend an asset (e.g. USDC, wETH) to a pool, you will be prompted to allow the pool contract to interact with the asset. Once you approve the asset for the first time, you will not have to approve that asset for any additional deposits. This is a common transaction on Ethereum. **Technical information** Lending into a pool requires a transaction. Once the transaction has been processed, you will be redirected to a success screen confirming the details of your transaction with links to verify the transaction on Etherscan. Each Maple pool is a [smart contract](https://ethereum.org/en/smart-contracts/). The address of the smart contract can be found at the top left of the pool overview page as well when you are prompted to confirm the lend transaction. When you lend into a pool you are calling the “Deposit” function on the pool smart contract. The function, when confirmed in your wallet, will accept your lending tokens and you will receive Pool LP (Liquidity Provider) Tokens. Each pool contract inherits the [ERC 4626](https://erc4626.info/) standard, also know as the “Tokenized Vault” Standard. This standard informs how the LP Tokens accrue value from borrower repayments of strategies. The Global Allowlist uses a collective list of the valid Maple wallets which the Pool Contracts access to determine access to each pool. If an address which is not on the Global Allowlist attempts to lend to a permissioned pool, the transaction will revert. Another important note on permissioned pools is that sending permissioned pool LP tokens to another address will revert unless the receiving address is also on the Global Allowlist. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://docs.maple.finance/maple-institutional-for-lenders/lending.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.