Where and How to Lend MultiversX (EGLD)

Introduction

Lending MultiversX can be a great option for those who want to hold EGLD 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 Guide

1. 1. Obtain MultiversX (EGLD) Tokens

   In order to lend MultiversX, you need to have it. To obtain MultiversX, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	MultiversX (EGLD)	22.47
   Kraken	MultiversX (EGLD)	22.23
   OKX	MultiversX (EGLD)	22.45
   YouHodler	MultiversX (EGLD)	22.48
   PrimeXBT	MultiversX (EGLD)	22.47

   See all 16 prices

2. 2. Choose a MultiversX Lender

   Once you have EGLD, you’ll need to choose a MultiversX lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   YouHodler	MultiversX (EGLD)	Up to 16.00 APY
   OKX	MultiversX (EGLD)	Up to 1.00 APY

3. 3. Lend Your MultiversX

   Once you’ve chosen a platform to lending your MultiversX, transfer your MultiversX 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. 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.