How to Lend Pudgy Penguins (pengu) in Australia

Introduction

Lending Pudgy Penguins can be a great option for those who want to hold pengu 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 Pudgy Penguins (pengu) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	Pudgy Penguins (pengu)	0.01
   Coinbase	Pudgy Penguins (pengu)	0.01
   Kraken	Pudgy Penguins (pengu)	0.01
   Uphold	Pudgy Penguins (pengu)	0.01
   Bitstamp	Pudgy Penguins (pengu)	0.01

   See all 9 prices

2. 2. Choose a Pudgy Penguins lender

   Once you have pengu, you'll need to choose a Pudgy Penguins lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   YouHodler	Pudgy Penguins (pengu)	Up to 30% p.a.
   Kucoin	Pudgy Penguins (pengu)	Up to 1.24% p.a.

   See all 4 lending rates

3. 3. Lend Your Pudgy Penguins

   Once you've chosen a platform to lend your Pudgy Penguins, transfer your Pudgy Penguins 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.