# How to Deposit $HOLO to Earn Interest

**DEPOSITING** 

HOLOCLEAR offers holders the opportunity to earn interest on their $HOLO just as you would in a bank account. Interest is paid in a second token called HOLOYIELD, which can then be exchanged 1:1 for $HOLO. To earn interest you need to deposit your $HOLO into an account on the HOLOCLEAR dAPP. The steps to do this are:

1. Make sure your wallet is connected 
2. Ensure you have $HOLO in your wallet 
   * Refer to '[How to buy $HOLO](https://docs.holoclear.xyz/using-the-dapp/how-to-buy-usdholo)' if you are unsure how to do this
3. Choose the amount of $HOLO you would like to stake and earn interest
4. Click 'DEPOSIT TO $HOLOYIELD'
   * This then exchanges your $HOLO to $HOLOYIELD so you can begin earning interest 
5. The total deposited will now appear in 'total deposited balance' 
   * This will show you the total amount in your account, next interest payment and weekly return on investment 
   * APY will adjust dynamically in line with market forces and treasury performance
6. Leave your $HOLOYIELD and earn income passively for as long as it is deposited 
7. While you hold a deposit account you will also be automatically entered into the [HOLOPOOL](https://docs.holoclear.xyz/holoclear/holopool-rewards) prize draw each week 

<figure><img src="https://2116656031-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMKR63KXCl1InwIHetvjy%2Fuploads%2FZEMtTeCc8sF89eUcuKr8%2FScreenshot%202022-09-19%20at%2017.22.38.png?alt=media&#x26;token=ce134098-7002-446e-8d4f-7b685dfa4b36" alt=""><figcaption></figcaption></figure>

**WITHDRAWING**&#x20;

Should you want to withdraw your deposited $HOLOYIELD you can do this at any time. To do this simply follow these steps:

1. Select 'WITHDRAW'&#x20;
2. Choose amount of $HOLOYIELD to withdraw&#x20;
3. Click 'WITHDRAW $HOLOYIELD'&#x20;
4. There will then be a 24 hour 'cooldown' period (with subsequent withdrawals from the same wallet submitted within this period resetting the 24 hour cooldown for the total amount)
5. After this you can 'claim' your $HOLO (with interest) from the dapp
6. Once claimed the $HOLO will appear in your wallet