How to Lend Nova Merged USDC (zkLink) (USDC) in Australia: A Step-by-Step Guide

Introduction

Lending Nova Merged USDC (zkLink) can be a great option for those who want to hold USDC 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. Obtain Nova Merged USDC (zkLink) (USDC) Tokens
To lend Nova Merged USDC (zkLink), you need to possess it. To acquire Nova Merged USDC (zkLink), you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
Luno Nova Merged USDC (zkLink) (USDC) 1
Azbit Nova Merged USDC (zkLink) (USDC) 1
Kucoin Nova Merged USDC (zkLink) (USDC) 1
See all 6 prices
2. Choose a Nova Merged USDC (zkLink) lender
Once you have USDC, you'll need to choose a Nova Merged USDC (zkLink) lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
Kucoin Nova Merged USDC (zkLink) (USDC) Up to 3% p.a.
3. Lend Your Nova Merged USDC (zkLink)
Once you've chosen a platform to lend your Nova Merged USDC (zkLink), transfer your Nova Merged USDC (zkLink) 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. 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.

Platform	Coin	Cost
Luno	Nova Merged USDC (zkLink) (USDC)	1
Azbit	Nova Merged USDC (zkLink) (USDC)	1
Kucoin	Nova Merged USDC (zkLink) (USDC)	1

Platform	Coin	Interest rate
Kucoin	Nova Merged USDC (zkLink) (USDC)	Up to 3% p.a.

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.