How to Lend LUKSO (LYX) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Uphold	LUKSO (LYX)	0.99
   Bitget	LUKSO (LYX)	0.65
   Bitpanda	LUKSO (LYX)	1.86
   CoinEx	LUKSO (LYX)	1.12
   Crypto.com	LUKSO (LYX)	1.18
   Gate.io	LUKSO (LYX)	1.13

   See all 15 prices

2. 2. Choose a LUKSO lender

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

   Platform	Coin	Interest rate
   Bitget	LUKSO (LYX)	Up to 1% p.a.
   Kucoin	LUKSO (LYX)	Up to 200% p.a.

3. 3. Lend Your LUKSO

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