How to Lend Proof Of Liquidity (POL) in Australia

Introduction

Lending Proof Of Liquidity can be a great option for those who want to hold POL 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 Proof Of Liquidity (POL) Tokens

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

   Platform	Coin	Cost
   EarnPark	Proof Of Liquidity (POL)	0.11
   Kraken	Proof Of Liquidity (POL)	0.11
   Azbit	Proof Of Liquidity (POL)	0.11
   Kucoin	Proof Of Liquidity (POL)	0.11

   See all 8 prices

2. 2. Choose a Proof Of Liquidity lender

   Once you have POL, you'll need to choose a Proof Of Liquidity lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   EarnPark	Proof Of Liquidity (POL)	Up to 4.2% p.a.

3. 3. Lend Your Proof Of Liquidity

   Once you've chosen a platform to lend your Proof Of Liquidity, transfer your Proof Of Liquidity 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.