How to Lend IOST (IOST) in Australia

Introduction

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

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

   Platform	Coin	Cost
   EarnPark	IOST (IOST)	0.01
   Binance	IOST (IOST)	0
   OKX	IOST (IOST)	0
   BingX	IOST (IOST)	0
   Bitget	IOST (IOST)	0
   Bitmart	IOST (IOST)	0

   See all 35 prices

2. 2. Choose a IOST lender

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

   Platform	Coin	Interest rate
   EarnPark	IOST (IOST)	Up to 10% p.a.
   Kucoin	IOST (IOST)	Up to 0.5% p.a.

3. 3. Lend Your IOST

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