Where and How to Earn Pudgy Penguins (pengu)

Introduction

Lending Pudgy Penguins can be a great option for those who want to hold pengu 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. 1. Acquire Pudgy Penguins (pengu) Tokens

   To lend Pudgy Penguins, you'll need to have it. To get Pudgy Penguins, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Kraken	Pudgy Penguins (pengu)	0.01
   Coinbase	Pudgy Penguins (pengu)	0.01

2. 2. Choose a Pudgy Penguins Lender

   Once you have pengu, you'll need to choose a Pudgy Penguins lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   YouHodler	Pudgy Penguins (pengu)	Up to 30% APY
   Kucoin	Pudgy Penguins (pengu)	Up to 3.25% APY

   See all 4 borrowing rates

3. 3. Earn Pudgy Penguins

   Once you've chosen a platform for earning your Pudgy Penguins, transfer your Pudgy Penguins 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. 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.