Where and How to Lend Pendle (PENDLE)

Introduction

Lending Pendle can be a great option for those who want to hold PENDLE 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 Pendle (PENDLE) Tokens

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

   Platform	Coin	Price
   M2	Pendle (PENDLE)	3.21
   Uphold	Pendle (PENDLE)	3.69
   Kraken	Pendle (PENDLE)	3.22
   OKX	Pendle (PENDLE)	3.2
   YouHodler	Pendle (PENDLE)	3.21
   Binance	Pendle (PENDLE)	3.21

   See all 51 prices

2. 2. Choose a Pendle Lender

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

   Platform	Coin	Interest rate
   YouHodler	Pendle (PENDLE)	Up to 30 APY
   Kucoin	Pendle (PENDLE)	Up to 0.5 APY

   See all 4 borrowing rates

3. 3. Lend Your Pendle

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