Introduction

Lending DeFiChain can be a great option for those who want to hold DFI 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 DeFiChain (DFI) Tokens

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

   Platform	Coin	Cost
   Bake	DeFiChain (DFI)	0
   Bitget	DeFiChain (DFI)	0.03
   CoinEx	DeFiChain (DFI)	0
   Gate.io	DeFiChain (DFI)	0.000817
   HTX	DeFiChain (DFI)	0
   MEXC Global	DeFiChain (DFI)	0.000857

   See all 11 prices

2. 2. Choose a DeFiChain lender

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

3. 3. Lend Your DeFiChain

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