How to Lend Arbitrum (ARB) in Australia

Introduction

Lending Arbitrum can be a great option for those who want to hold ARB 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 Arbitrum (ARB) Tokens

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

   Platform	Coin	Cost
   Nexo	Arbitrum (ARB)	0.21
   EarnPark	Arbitrum (ARB)	0.2
   YouHodler	Arbitrum (ARB)	0.2
   Binance	Arbitrum (ARB)	0.2
   BTSE	Arbitrum (ARB)	0.2
   Coinbase	Arbitrum (ARB)	0.2

   See all 58 prices

2. 2. Choose a Arbitrum lender

   Once you have ARB, you'll need to choose a Arbitrum lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Nexo	Arbitrum (ARB)	Up to 6% p.a.
   EarnPark	Arbitrum (ARB)	Up to 7% p.a.
   Aave	Arbitrum (ARB)	Up to 0.71% p.a.
   Bitget	Arbitrum (ARB)	Up to 0.16% p.a.

   See all 11 lending rates

3. 3. Lend Your Arbitrum

   Once you've chosen a platform to lend your Arbitrum, transfer your Arbitrum into your wallet on the lending 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 lending 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 willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.