Unbanked Yield works using your self-custody web3 wallet (such as Metamask, or several WalletConnect wallets), and is connected to the Fantom blockchain at launch.  

Step 1: Web3 self-custody wallets — what are they, how to get one, and how to connect.

To start participating in Unbanked Yield, the first step is to acquire a Web3 wallet and connect it to your Unbanked account. Web3 wallets are essentially digital self-custody wallets. As such, they have the ability to store digital assets. This includes everything from cryptocurrency to non-fungible (NFTs) tokens. For more information about acquiring your own wallet, this article explains in more detail and will help you get started with one of the most popular web3 wallets we support, Metamask.

If you are using the browser extension for Metamask or supported WalletConnect web3 wallet, make sure the plug-in is unlocked and click on any of the Connect Wallet buttons on the yield page to get started connecting your wallet.

If you are using the mobile app version of your web3 wallet, and accessing your Unbanked account from a smartphone, connecting your wallet will work a little differently from a desktop browser.  MetaMask Mobile, for example, uses an internal web browser like the ones you use every day, except this one can also link your Metamask wallet with applications like Unbanked Yield. To access this special wallet-connected browser, click on Browser from the application's drop down menu, and go to https://dashboard.unbanked.com/dashboard/yield.

Step 2: Acquire Fantom chain assets in your web3 wallet, choose your asset, and start earning.

If you do not have any Fantom chain assets in your connected wallet, you can acquire Fantom assets in your web3 wallet by:

1) using your connected Unbanked bank account to move Fiat to a Fantom-based cryptocurrency in your wallet,

2) using a service like AnySwap to convert cryptocurrency in your self-custody wallet that you want to invest in Unbanked Yield to be a Fantom network asset, or

3) purchasing Fantom token (WFTM) and transferring to your self-custody wallet.

As mentioned above, if you already have an Ethereum chain asset such as ETH, you can use a tool like this to easily convert it to a Fantom chain asset.  We are planning to support Ethereum chain assets directly in the near future.

From there, just choose your asset to start earning yield!