> For the complete documentation index, see [llms.txt](https://docs.paddlefi.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.paddlefi.com/user-guide/lender.md).

# Lender

### **Step 1: Deposit WBERA**

Supply WBERA to the **Steady Teddys / WBERA** pool and receive **iWBERA-TEDDYS** tokens, which represent your share in the pool.

### **Step 2: Earn Interest**

Your earnings are reflected in the **exchange rate** between iWBERA-TEDDYS and WBERA.\
The interest rate is **dynamic**, based on pool utilization—higher utilization = higher interest for lenders.

### **Step 3: Withdraw Anytime (if liquidity allows)**

You can supply more or withdraw at any time, as long as there’s enough liquidity in the pool.\
Note: If too much has been borrowed, full withdrawal might not be immediately possible.

### **Step 4: Claim $PADD Rewards**

Once the claim function is live post-TGE, you’ll be able to claim your earned **$PADD rewards** directly.