How to Lend Hydra (hydra) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Bitmart	Hydra (hydra)	0.15
   Gate.io	Hydra (hydra)	0.28
   Kucoin	Hydra (hydra)	0.13
   MEXC Global	Hydra (hydra)	0.13

   See all 7 prices

2. 2. Choose a Hydra lender

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

   Platform	Coin	Interest rate
   MEXC Global	Hydra (hydra)	Up to 6% p.a.

3. 3. Lend Your Hydra

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