How to Lend DeFi Pulse Index (DPI) in Australia

Introduction

Lending DeFi Pulse Index can be a great option for those who want to hold DPI 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 DeFi Pulse Index (DPI) Tokens

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

2. 2. Choose a DeFi Pulse Index lender

   Once you have DPI, you'll need to choose a DeFi Pulse Index lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Aave	DeFi Pulse Index (DPI)	Up to 2.19% p.a.

3. 3. Lend Your DeFi Pulse Index

   Once you've chosen a platform to lend your DeFi Pulse Index, transfer your DeFi Pulse Index 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.