# Quick Start Guides

Choose what you want to do first — swap, add liquidity, borrow, or earn (Stability pool). For the big picture, see the [Overview](https://docs.mento.org/mento-v3/get-started/readme).

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## ✨ Your first on-chain FX swap — no slippage

1. Go to [**app.mento.org**](https://app.mento.org/?chain=42220) and **connect your wallet** (header; e.g. MetaMask, Valora) on a supported chain (e.g. Celo).
2. On the swap screen, click **Select** next to **From** and choose the token you’re selling (e.g. USDC). Click **Select** next to **To** and choose the token you’re buying (e.g. GBPm). Enter the amount — or click **MAX** to use your full balance.
3. Click **Swap**. If the app asks for token approval first, confirm **Approve …**, then click **Swap** again.
4. On the confirmation screen, check the rate and fees, then click **Confirm Swap**.

You get the same rate you’d see off-chain for GBP/USD. No curve, no slippage. 🎯

[Getting Mento stables →](https://docs.mento.org/mento-v3/other/getting-mento-stables)

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## 💧 Add liquidity and earn fees

1. **Get both tokens** — Use the swap flow above to get each side of the pair (e.g. some GBPm and some USDm), or source them elsewhere (CEX, bridge).
2. Go to [**app.mento.org**](https://app.mento.org/pools?chain=42220) and **connect your wallet**.
3. Open **Pools** or **Liquidity**. Select a pool (e.g. **GBPm/USDm**).
4. Enter amounts for both tokens; the app shows the required ratio. Confirm. You’re now an LP and earn fees from swaps. 🎯

[Swap & liquidity →](https://github.com/mento-protocol/docs/blob/main/other/swap-and-liquidity.md#adding-liquidity-mint)

**On Monad:** Provide liquidity to **USDC/USDm** or **GBPm/USDm** and earn **Merkl campaign rewards**. See [Earn Merkl rewards on Monad (FPMMs)](https://docs.mento.org/mento-v3/other/merkl-fpmm-rewards-monad).

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## 🏦 Borrow a stable (e.g. GBPm)

A **Trove** (CDP) lets you lock **USDm** as collateral and borrow another stable (e.g. GBPm) against it. You set your own interest rate; there’s no fixed repayment schedule. Keep your collateral ratio above the minimum or the position can be liquidated.

1. Go to [**app.mento.org**](https://app.mento.org/borrow?chain=42220) and **connect your wallet** (e.g. Celo).
2. Open **Borrow**. Select the asset to borrow (e.g. **GBPm**) in the **dropdown at the top right**, then click **+ Open Your First Trove**.
3. On the **Open a Trove** screen:
   * **COLLATERAL** — Enter how much USDm to deposit (or **MAX**). Your balance is shown next to the field.
   * **BORROW** — Enter how much GBPm to borrow. Minimum is **£1,000 GBPm**.
   * **LOAN-TO-VALUE** — The bar shows risk (SAFE → MODERATE → RISKY → LIQ). Liquidation happens when your collateral ratio drops below the minimum (**110%**); the app shows “Liquidation at …%”.
   * **ANNUAL INTEREST RATE** — This is the interest you pay on your borrowed amount. Set or pick a rate (minimum **0.2%**). In Liquity v2, anyone can **redeem**: they burn GBPm and receive USDm collateral from open troves. Troves are ordered by interest rate, and **the lowest-interest troves are redeemed first**. So a lower rate means cheaper borrowing but you’re first in line to be redeemed against; a higher rate costs more but reduces that risk.
   * Review the **loan summary** on the right, then confirm (**Enter collateral amount** / **Open Trove**). To earn from the Stability pool with your borrowed GBPm (or any CDP-based stable), switch to **Earn** (see below). 🎯

[CDP operations →](https://docs.mento.org/mento-v3/dive-deeper/cdp)

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## 📈 Earn — Stability pool

The **Stability pool** is only available for **CDP-based stablecoins** (e.g. **GBPm**), not for Reserve-backed stables like USDm or EURm. Deposit into the pool to earn a share of **trove interest** (interest paid by borrowers) and **liquidation gains** (when liquidations occur, your deposit repays debt and you receive collateral at a discount). If the app shows additional claimable rewards, those are program-specific and may vary over time. No lock-up — withdraw anytime.

1. Go to [**app.mento.org**](https://app.mento.org/earn?chain=42220) and **connect your wallet**.
2. Switch to the **Earn** tab (top nav: Swap, Pool, Borrow, **Earn**).
3. Select the asset (e.g. **GBPm**) in the currency selector. You'll see the **Stability pool** for that asset: total deposits, pool APY, avg. borrow rate.
4. Under **Deposit**, enter an amount (or use **25%**, **50%**, **75%**, **MAX**). Optionally check **Claim rewards with deposit** to claim pending rewards when you deposit. Click **Enter amount to deposit** (or the active deposit button) to confirm. No lock-up — you can withdraw anytime. 🎯

[CDP operations →](https://docs.mento.org/mento-v3/dive-deeper/cdp)

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**More:** [Overview](https://docs.mento.org/mento-v3/get-started/readme) · [FPMMs](https://docs.mento.org/mento-v3/dive-deeper/fpmm) · [Earn Merkl rewards on Monad](https://docs.mento.org/mento-v3/other/merkl-fpmm-rewards-monad)