How to Lend LayerZero (ZRO) in Australia

Introduction

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

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

   Platform	Coin	Cost
   PrimeXBT	LayerZero (ZRO)	1.31
   YouHodler	LayerZero (ZRO)	1.31
   Binance	LayerZero (ZRO)	1.31
   BTSE	LayerZero (ZRO)	1.33
   Coinbase	LayerZero (ZRO)	1.32
   Kraken	LayerZero (ZRO)	1.32

   See all 53 prices

2. 2. Choose a LayerZero lender

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

   Platform	Coin	Interest rate
   YouHodler	LayerZero (ZRO)	Up to 30% p.a.
   Kucoin	LayerZero (ZRO)	Up to 0.5% p.a.

   See all 4 lending rates

3. 3. Lend Your LayerZero

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