mintIdleToken
Developers > Best Yield > mintIdleToken
Last updated
Developers > Best Yield > mintIdleToken
Last updated
This method is used to deposit money into the Idle protocol. When you call mintIdleToken
we will transfer the amount of underlying supplied to IdleToken contract and then mint interest-bearing tokens with that amount.
Interest-bearing tokens of each user are pooled together inside the IdleToken contract and you will then receive Idle LP tokens which represent your share of Idle pools.
Users should call approve
on the underlying asset used (eg. DAI) to allow IdleToken contract to spend _amount
of tokens before calling this method.
Please note that after the first mint all subsequent ones will also send governance tokens (e.g. IDLE) to msg.sender
(if msg.sender
had other previously minted idleTokens in the account).
Parameter | Description |
---|---|
Value | Description |
---|---|
_amount
The amount of underlying token to be lent
_skipWholeRebalance
Boolean flag. Not used anymore so can receive either true or false
_referral
Address for an eventual future referral program
mintedTokens
The amount of Idle LP tokens minted