How to Lend FLOKI (FLOKI) in Australia

Introduction

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

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

   Platform	Coin	Cost
   YouHodler	FLOKI (FLOKI)	0.00004092
   Binance	FLOKI (FLOKI)	0.00004093
   BTSE	FLOKI (FLOKI)	0.0000409
   Coinbase	FLOKI (FLOKI)	0.0000409
   Kraken	FLOKI (FLOKI)	0.00004095
   OKX	FLOKI (FLOKI)	0.00006549

   See all 49 prices

2. 2. Choose a FLOKI lender

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

   Platform	Coin	Interest rate
   YouHodler	FLOKI (FLOKI)	Up to 16% p.a.

   See all 4 lending rates

3. 3. Lend Your FLOKI

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