Introduction
Lending Dymension can be a great option for those who want to hold DYM but earn yield. The steps can be 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. Acquire Dymension (DYM) Tokens
To lend Dymension, you'll need to have it. To get Dymension, you'll need to buy it. You can choose from these popular exchanges.
See all 35 pricesPlatform Coin Price Kraken Dymension (DYM) 0.22 Binance Dymension (DYM) 0.22 MEXC Global Dymension (DYM) 0.22 Bitget Dymension (DYM) 0.22 Bitmart Dymension (DYM) 0.22 Kucoin Dymension (DYM) 0.22 2. Choose a Dymension Lender
Once you have DYM, you'll need to choose a Dymension lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Kucoin Dymension (DYM) Up to 0.5% APY 3. Earn Dymension
Once you've chosen a platform for earning your Dymension, transfer your Dymension into your wallet on the earning platform. Once it's deposited, it'll start earning interest. Some platforms pay interest daily, while others offer it 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 earning 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
Dymension (DYM) is currently priced at USD 0.5 with a 24-hour trading volume of USD 13.62M. The market cap of Dymension stands at USD 264.48M, with 222.09M DYM in circulation. For those looking to buy or trade Dymension, Kucoin offers avenues to do so securely and efficiently
- Market cap
- USD 264.48M
- 24h volume
- USD 13.62M
- Circulating supply
- 222.09M DYM