# Deposit to BiFi

### Getting Started with BiFi on Biport Wallet

You can now deposit assets to **BiFi Lending** straight from the wallet!

[BiFi](https://app.bifi.finance) is a decentralized lending protocol on Ethereum, Binance Smart Chain (BSC), Avalanche, and even Bitcoin. BiFi distributes [BiFi tokens](https://www.coingecko.com/en/coins/bifrost) to users who lend, borrow, or stake in the protocol. Think of it like a high-interest savings account, but without a middlemen (e.g. a bank) automated by smart contracts.

This part will cover how to deposit assets to [BiFi Lending](https://app.bifi.finance/lend) pool to earn interest and BiFi tokens directly within the wallet. Only **deposits** are available in our earliest version. To borrow or stake assets, go to [app.bifi.finance](http://app.bifi.finance) on your desktop and connect your preferred wallet.

### How to Deposit Tokens and Earn Interest on BiFi

#### Step 1. On home screen, click "**BiFi Protocol"**.

![](https://49140472-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHO0wKWhWehN0TLtvMX6r%2Fuploads%2FDtGwdynW6PLT8Qxe36yh%2F1-main.png?alt=media\&token=67f791b4-d8be-4679-8b79-16f1b48eb44c)

#### Step 2. Select the asset you want to deposit. 

(*Note:* *Bitcoin deposits are only available on BiFi Lending app at the moment. To deposit Bitcoin, go to* [*app.bifi.finance/lend*](http://app.bifi.finance/lend) *on your desktop.)*

![](https://49140472-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHO0wKWhWehN0TLtvMX6r%2Fuploads%2FUBi1waP1vbTGh8qwTsX5%2F2-select.png?alt=media\&token=b5721e2a-f9da-4bcd-bb8d-4250e8ee2d1d)

#### Step 3. Enter the amount of tokens to deposit to BiFi Lending. 

The receiver address is automatically filled in with your address. Click **MAX t**o deposit the maximum amount of tokens you hold. Then, click **Next**.

![](https://49140472-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHO0wKWhWehN0TLtvMX6r%2Fuploads%2FvNI8rusiy60iQmNwIPs2%2F3-deposit.png?alt=media\&token=7291f650-4b65-4962-a80f-293dc46793ea)

#### Step 4. Check the estimated transaction fee. 

Click **Custom Fe**e to set the transaction speed to slow, average, or fast. Click **Advanced Options** to configure the transaction fee in detail. 

Click **Done** to complete the deposit.

*(Note: You must have sufficient balance for network transaction fees to complete the transaction.)*

![](https://49140472-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHO0wKWhWehN0TLtvMX6r%2Fuploads%2F83FRAS533TRMODFWdoHm%2F4-check%20tx.png?alt=media\&token=b6244684-0f25-44e3-8455-3c67aac3e020)

Only **deposits to BiFi** **Lending** is available in our earliest version of the wallet. To deposit BTC, borrow or stake assets, go to [app.bifi.finance](http://app.bifi.finance) on your desktop, connect your preferred wallet, and start borrowing and staking to earn interest and BiFi tokens.

* To learn how to deposit on [app.bifi.finance](http://app.bifi.finance), see our guide on [Depositing](https://docs.bifi.finance/guide/lending/deposit).
* To learn how to deposit BTC on [app.bifi.finance](http://app.bifi.finance), see our guide on [Depositing or Withdrawing BTC](https://docs.bifi.finance/guide/btc-lending-guide/depositing-or-withdrawing-btc).