How to Lend ConstitutionDAO (PEOPLE) in Australia

Introduction

Lending ConstitutionDAO can be a great option for those who want to hold PEOPLE 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 ConstitutionDAO (PEOPLE) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	ConstitutionDAO (PEOPLE)	0.01
   YouHodler	ConstitutionDAO (PEOPLE)	0.01
   Binance	ConstitutionDAO (PEOPLE)	0.01
   OKX	ConstitutionDAO (PEOPLE)	0.02
   BingX	ConstitutionDAO (PEOPLE)	0.01
   Bitget	ConstitutionDAO (PEOPLE)	0.01

   See all 27 prices

2. 2. Choose a ConstitutionDAO lender

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

   Platform	Coin	Interest rate
   YouHodler	ConstitutionDAO (PEOPLE)	Up to 30% p.a.

3. 3. Lend Your ConstitutionDAO

   Once you've chosen a platform to lend your ConstitutionDAO, transfer your ConstitutionDAO 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.