Deposit

To borrow assets on Capy, users must first provide their tokens as collateral. Capy Finance allows a range of assets to be used as collateral. Upon depositing tokens, users receive cTokens (for example, ORDI to CORDI). These cTokens signify the user's ownership of the underlying tokens and the interest that accrues on a per-block basis. The amount of cTokens received depends on the current exchange rate and the amount of the underlying assets deposited. Initially, the exchange rate is set at 1:50 between tokens and cTokens. Over time, as interest accrues, each cToken can be converted into an increasing amount of the underlying token. When users wish to convert their cTokens back to the underlying tokens, they can do so based on the current exchange rate. The exchange rate between a cToken and its underlying asset is determined as follows:

In this scenario, "total cash" indicates the total cash accessible in the contracts, "total borrows" signifies the aggregate amount of tokens borrowed, "total reserves" refers to the tokens held in reserve, and "total supply" denotes the overall quantity of tTokens.