Where and How to Lend Injective (INJ)

Introduction

Lending Injective can be a great option for those who want to hold INJ but earn yield. The steps can be a little 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. Acquire Injective (INJ) Tokens

   To be able to lend Injective, you need to have it. To get Injective, you’ll have to buy it. You can pick from these popular exchanges.

   Platform	Coin	Price
   PrimeXBT	Injective (INJ)	21.13
   Uphold	Injective (INJ)	21.14
   Kraken	Injective (INJ)	21.12
   OKX	Injective (INJ)	21.14
   YouHodler	Injective (INJ)	21.13

   See all 32 prices

2. 2. Choose a Injective Lender

   Once you have INJ, you’ll need to choose a Injective lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Nexo	Injective (INJ)	Up to 9 APY
   YouHodler	Injective (INJ)	Up to 16 APY
   Kucoin	Injective (INJ)	Up to 0.5 APY
   Gemini	Injective (INJ)	Up to 0.01 APY

   See all 4 borrowing rates

3. 3. Lend Your Injective

   Once you’ve chosen a platform to lend your Injective, transfer your Injective into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are 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. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Make sure 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.