Where and How to Lend Kyber Network Crystal (KNC)

Introduction

Lending Kyber Network Crystal can be a great option for those who want to hold KNC 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 Kyber Network Crystal (KNC) Tokens

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

   Platform	Coin	Price
   Nexo	Kyber Network Crystal (KNC)	0.36
   Kraken	Kyber Network Crystal (KNC)	0.31
   OKX	Kyber Network Crystal (KNC)	0.39
   Binance	Kyber Network Crystal (KNC)	0.31
   BTSE	Kyber Network Crystal (KNC)	0.31
   Coinbase	Kyber Network Crystal (KNC)	0.31

   See all 49 prices

2. 2. Choose a Kyber Network Crystal Lender

   Once you have KNC, you’ll need to choose a Kyber Network Crystal lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Aave	Kyber Network Crystal (KNC)	Up to 0.42% APY

   See all 4 borrowing rates

3. 3. Lend Your Kyber Network Crystal

   Once you’ve chosen a platform to lend your Kyber Network Crystal, transfer your Kyber Network Crystal 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.