# Creating New Lending Pool

In this example we will create a liquidity pool of DAI on ethereum chain and give a demo of adding and redeeming liquidity to the pool. 

Visit UniLend DApp on the <https://app.unilend.finance/> and connect your wallet and access the Ethereum chain. <br>

**1/ Select the token from the DApp** to access the token and their liquidity on UniLend.

![](https://3962044129-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MX1e5AGCERC0KviMC4D%2F-MdwSU_FmWCdvocdiEet%2F-MdwT2bPkl69yUwE66Fr%2FScreen%20Shot%202021-07-06%20at%209.00.27%20AM.png?alt=media\&token=70d2586d-86fd-4b50-9c16-adfcb0716fc4)

**2/ Click on the manage icon** at the bottom of the token list and access more from coingecko or custom token address.

![](https://3962044129-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MX1e5AGCERC0KviMC4D%2F-MdwSU_FmWCdvocdiEet%2F-MdwTAN_jV3_QEyTeYJZ%2FScreen%20Shot%202021-07-06%20at%207.59.57%20AM.png?alt=media\&token=9626dc2e-9866-4334-849a-3cfbf4c52c77)

**3/ Enable the Coingecko list** to fetch access to more than 7000 tokens for permissionless listing.

![](https://3962044129-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MX1e5AGCERC0KviMC4D%2F-MdwSU_FmWCdvocdiEet%2F-MdwTGkulaE0Q2qss6Lo%2FScreen%20Shot%202021-07-06%20at%208.00.09%20AM.png?alt=media\&token=27d8f18a-5fab-4955-b8f4-8314f35d8f25)

**4/ Look for DAI token** in the search list again and import it to start a new pool of DAI on UniLend

![](https://lh3.googleusercontent.com/ZPNnx3rtURhVt86rRklHAVwrbvMBzxBeI2i6WoW5FmkN3GZEMKf9BTqH1jNIMUbgXCUk6V9OQ5TgGMyLU7up2XL1aejVjXQp1-bQzYMW0bEpNXKw1db3n0D-3P7NyIgw-R8wImPs)

**5/ Or Import a token from a custom address** if the information of the token is unavailable to be discovered from Coingecko.&#x20;

In this example we have imported a custom token address *0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0* of MATIC token.

![](https://3962044129-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MX1e5AGCERC0KviMC4D%2F-MdwWpvWBye0dWgIe4CZ%2F-MdwXmu4duJEMCtZxIpK%2FScreen%20Shot%202021-07-06%20at%209.28.16%20PM.png?alt=media\&token=3025f7ec-4b02-44c3-a3f1-bca8b617e997)

**6/ Create a lending pool** and add liquidity to start earning APY over the added liquidity.

![](https://3962044129-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MX1e5AGCERC0KviMC4D%2F-MdwSU_FmWCdvocdiEet%2F-MdwTXMHnGKe8bNyQJ8k%2FScreen%20Shot%202021-07-06%20at%209.01.20%20AM.png?alt=media\&token=5f666747-a2b4-4054-b016-fb333e01e9b8)

**7/ Project and Community adds reward tokens** to the reward pools and distribute rewards for the contributions by the community in lending pools.

![](https://3962044129-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MX1e5AGCERC0KviMC4D%2F-MdwSU_FmWCdvocdiEet%2F-MdwTtvY2-HSN74wvwHK%2FScreen%20Shot%202021-07-06%20at%209.05.07%20AM.png?alt=media\&token=bd4ab882-6495-43bd-b18b-4c9e5ad9064d)