HOW MANY DAYS FOR DAI DEPOSIT TO SHOW COLLATERAL

vio

I transferred DAI from my wallet to Alchemix. I can see the balance has increased to the amount i transferred but the collateral amount has not changed at all. I can also see the balance of Dai is still in my wallet. This is confusing as a first time user and i can't seem to find any other information on this anywhere else. HELP!

False798

vio I've also just started using Alchemix today but I have not had a problem similar to what you're experiencing; the collateral amount should update after the transaction completes. Could you make sure the DAI isn't still in your wallet?

vio

False798 I'm new to this. The Dai is still in my wallet. I thought the transfer is automatic. I don't understand why my wallet balance has the amount i tried to deposit with it not having already transferred. Does this mean i have to try and do a new deposit approval again? I've been reading everywhere but can't seem to find the extra information i need.

False798

vio I'd recommend looking at the activity for past transactions of your wallet; if your wallet has a built in log, like Meta Mask, you can use that or you can look at Etherscan - this should also show transactions still pending. Additionally, make sure you approve/confirm for the transactions you authorize. Don't forget the gas. I hope this helps!

ButlerAndTheThirdStringers

vio It may be that you executed a transaction to approve collateralizing your DAI and will need a second transaction to actually collateralize your DAI. If you look at the activity log in your metamask, find your transaction in the log, and then click on the link to the etherscan page, it will show you additional information about the transaction and may reveal that this is the case.

vio

False798 thanks.

vio

ButlerAndTheThirdStringers thankyou.