Where and How to Lend NEAR Protocol (NEAR)

Introduction

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

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

   Platform	Coin	Price
   Nexo	NEAR Protocol (NEAR)	5.09
   PrimeXBT	NEAR Protocol (NEAR)	5.07
   M2	NEAR Protocol (NEAR)	5.07
   Uphold	NEAR Protocol (NEAR)	5.07
   OKX	NEAR Protocol (NEAR)	5.08
   YouHodler	NEAR Protocol (NEAR)	5.07

   See all 31 prices

2. 2. Choose a NEAR Protocol Lender

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

   Platform	Coin	Interest rate
   Nexo	NEAR Protocol (NEAR)	Up to 10 APY
   YouHodler	NEAR Protocol (NEAR)	Up to 16 APY
   Bitget	NEAR Protocol (NEAR)	Up to 4.2 APY
   Kucoin	NEAR Protocol (NEAR)	Up to 9.3 APY
   Blockchain.com	NEAR Protocol (NEAR)	Up to 6.5 APY

   See all 7 borrowing rates

3. 3. Lend Your NEAR Protocol

   Once you’ve chosen a platform to lend your NEAR Protocol, transfer your NEAR Protocol 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.