Where and How to Earn dYdX (Wormhole) (DYDX) in Australia

Introduction

Lending dYdX (Wormhole) can be a great option for those who want to hold DYDX while earning yield. The steps may seem a bit 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 dYdX (Wormhole) (DYDX) tokens

   To lend dYdX (Wormhole), you need to possess it. To acquire dYdX (Wormhole), you'll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Cost
   Nexo	dYdX (Wormhole) (DYDX)	0.67
   Binance	dYdX (Wormhole) (DYDX)	0.67
   BTSE	dYdX (Wormhole) (DYDX)	0.64
   Kraken	dYdX (Wormhole) (DYDX)	0.67
   OKX	dYdX (Wormhole) (DYDX)	0.69
   Uphold	dYdX (Wormhole) (DYDX)	0.58

   See all 46 prices

2. 2. Choose a dYdX (Wormhole) lender

   Once you have DYDX, you'll need to choose a dYdX (Wormhole) lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Kucoin	dYdX (Wormhole) (DYDX)	Up to 0.5% p.a.
   MEXC Global	dYdX (Wormhole) (DYDX)	Up to 0.8% p.a.

   See all 4 lending rates

3. 3. Earn dYdX (Wormhole)

   Once you've chosen a platform to earn your dYdX (Wormhole), transfer your dYdX (Wormhole) into your wallet on the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others do so 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. Ensure your earning platform pays compounding interest to maximise your returns.

What to Be Aware Of

Lending your crypto can be risky. Ensure you do your research before depositing your crypto. Don't lend more than you're prepared to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.