Where and How to Lend Pax Dollar (USDP)

Introduction

Lending Pax Dollar can be a great option for those who want to hold USDP 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 Pax Dollar (USDP) Tokens

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

   Platform	Coin	Price
   YouHodler	Pax Dollar (USDP)	1
   Binance	Pax Dollar (USDP)	1
   MEXC Global	Pax Dollar (USDP)	1
   Kucoin	Pax Dollar (USDP)	1

   See all 21 prices

2. 2. Choose a Pax Dollar Lender

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

   Platform	Coin	Interest rate
   Nexo	Pax Dollar (USDP)	Up to 14 APY
   YouHodler	Pax Dollar (USDP)	Up to 20 APY
   Neverless	Pax Dollar (USDP)	Up to 14 APY

   See all 6 borrowing rates

3. 3. Lend Your Pax Dollar

   Once you’ve chosen a platform to lend your Pax Dollar, transfer your Pax Dollar 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.