> For the complete documentation index, see [llms.txt](https://docs.ursa.finance/ursa/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ursa.finance/ursa/documentation/technical-overview/supply.md).

# Supply

### Supplying Assets

When you deposit your tokens into the protocol, you receive a derivative token representing your underlying deposit.

For example, when you deposit USDC you will receive the corresponding amount of lUSDC. The exchange rate for lUSDC/USDC is perpetually increasing at a rate equal to the supply interest rate of the underlying asset on a per block basis. Interest is accrued each block and changes dynamically with the utilization of the pool.

If USDC suppliers are earning 2% APR on a given block, then the exchange rate for lUSDC/USDC is also increasing at a 2% annual rate for the block. When the user withdraws their tokens from the platform, they are simply exchanging their lUSDC back for USDC.

As a result of the increasing exchange rate, the user will receive more USDC than they initially deposited: the principal plus accrued interest.