Earn up to
1% APY
An in-depth guide on the best way to lend LDO.
We have a lot of data on lending Lido DAO and we share some of this with you.
We show you some lending options with other coins that could be of interest.
Lido DAO (LDO) is currently priced at $1.95, with a 24-hour trading volume of $41.56M. In the last 24 hours, Lido DAO has experienced a decrease to -0.08. The market cap of Lido DAO stands at $1.74B, with 891.71M in circulation. For those looking to buy or trade Lido DAO, reputable platforms like OKX, Binance, Coinbase, BTSE and Bake offer avenues to do so securely and efficiently.
Lending Lido DAO can be a great option for those who want to hold LDO but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.
In order to lend Lido DAO, you need to have it. To obtain Lido DAO, you’ll need to purchase it. You can choose from these popular exchanges.
Once you have LDO, you’ll need to choose a Lido DAO lending platform to lend your tokens. You can see some options here.
Once you’ve chosen a platform to lending your Lido DAO, transfer your Lido DAO into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.
Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.
