How to Lend iExec RLC (RLC) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Kraken	iExec RLC (RLC)	1.22
   Binance	iExec RLC (RLC)	1.22
   Coinbase	iExec RLC (RLC)	1.22
   BingX	iExec RLC (RLC)	2.07
   Bitget	iExec RLC (RLC)	1.22
   Bitmart	iExec RLC (RLC)	0.84

   See all 32 prices

2. 2. Choose a iExec RLC lender

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

   Platform	Coin	Interest rate
   Kucoin	iExec RLC (RLC)	Up to 0.5% p.a.

3. 3. Lend Your iExec RLC

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