How to Lend IMVU (VCORE) in Australia: A Step-by-Step Guide

Introduction

Lending IMVU can be a great option for those who want to hold VCORE 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. Obtain IMVU (VCORE) Tokens
To lend IMVU, you need to possess it. To acquire IMVU, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Bitmart IMVU (VCORE) 0.000485
2. Choose a IMVU lender
Once you have VCORE, you'll need to choose a IMVU lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Kucoin IMVU (VCORE) Up to 120% p.a.
3. Lend Your IMVU
Once you've chosen a platform to lend your IMVU, transfer your IMVU 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. 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.

Platform	Coin	Cost
Bitmart	IMVU (VCORE)	0.000485

Platform	Coin	Interest rate
Kucoin	IMVU (VCORE)	Up to 120% p.a.

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.