Introduction

Lending dYdX can be a great option for those who want to hold ETHDYDX 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 dYdX (ETHDYDX) Tokens

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

   Platform	Coin	Cost
   BingX	dYdX (ETHDYDX)	0.66
   Bitget	dYdX (ETHDYDX)	0.88
   Bitmart	dYdX (ETHDYDX)	0.66
   Bitpanda	dYdX (ETHDYDX)	1.59
   SwissBorg	dYdX (ETHDYDX)	0.67

   See all 8 prices

2. 2. Choose a dYdX lender

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

3. 3. Lend Your dYdX

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