Introduction
Lending Pax Dollar can be a great option for those who want to hold USDP 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.
Step-by-step
- 1
Obtain Pax Dollar (USDP) tokens
In order to lend Pax Dollar, you need to have it. To obtain Pax Dollar, you’ll need to purchase it. You can choose from these popular exchanges.
- 2
Choose a Pax Dollar lender
Once you have USDP, you’ll need to choose a Pax Dollar lending platform to lend your tokens. You can see some options here.
- 3
Lend your Pax Dollar
Once you’ve chosen a platform to lending your Pax Dollar, transfer your Pax Dollar 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.
- 4
Earn interest
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.
What to be aware of
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.
Latest movements
Pax Dollar (USDP) is currently priced at $1, with a 24-hour trading volume of $1.89M. In the last 24 hours, Pax Dollar has experienced a decrease to -0.2. The market cap of Pax Dollar stands at $139.01M, with 138.78M in circulation. For those looking to buy or trade Pax Dollar, reputable platforms like YouHodler and Nexo offer avenues to do so securely and efficiently.
- Market cap
- $139.01M
- Volume
- $1.89M
- Circulating supply
- $138.78M
