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Lending DepinDao (Ordinals) can be a great option for those who want to hold DEPD 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.
To lend DepinDao (Ordinals), you need to possess it. To acquire DepinDao (Ordinals), you'll need to buy it. You can select from these popular exchanges.
Once you have DEPD, you'll need to choose a DepinDao (Ordinals) lending platform to lend your tokens. You can find some options here.
Once you've chosen a platform to lend your DepinDao (Ordinals), transfer your DepinDao (Ordinals) 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.
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.
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.