How to Lend Fungify NFT Index (NFT) in Australia

Introduction

Lending Fungify NFT Index can be a great option for those who want to hold NFT 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 Fungify NFT Index (NFT) Tokens

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

   Platform	Coin	Cost
   Kucoin	Fungify NFT Index (NFT)	0

2. 2. Choose a Fungify NFT Index lender

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

   Platform	Coin	Interest rate
   Kucoin	Fungify NFT Index (NFT)	Up to 0.5% p.a.

3. 3. Lend Your Fungify NFT Index

   Once you've chosen a platform to lend your Fungify NFT Index, transfer your Fungify NFT 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.