How to Lend Pyth Network (PYTH) in Australia: A Step-by-Step Guide

Introduction

Lending Pyth Network can be a great option for those who want to hold PYTH 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 Pyth Network (PYTH) Tokens
To lend Pyth Network, you need to possess it. To acquire Pyth Network, you'll need to buy it. You can select from these popular exchanges.
Platform Coin Cost
PrimeXBT Pyth Network (PYTH) 0.06
YouHodler Pyth Network (PYTH) 0.06
Binance Pyth Network (PYTH) 0.06
BTSE Pyth Network (PYTH) 0.06
Coinbase Pyth Network (PYTH) 0.06
Kraken Pyth Network (PYTH) 0.06
See all 59 prices
2. Choose a Pyth Network lender
Once you have PYTH, you'll need to choose a Pyth Network lending platform to lend your tokens. You can find some options here.
Platform Coin Interest rate
YouHodler Pyth Network (PYTH) Up to 30% p.a.
Kucoin Pyth Network (PYTH) Up to 0.5% p.a.
See all 4 lending rates
3. Lend Your Pyth Network
Once you've chosen a platform to lend your Pyth Network, transfer your Pyth Network 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
PrimeXBT	Pyth Network (PYTH)	0.06
YouHodler	Pyth Network (PYTH)	0.06
Binance	Pyth Network (PYTH)	0.06
BTSE	Pyth Network (PYTH)	0.06
Coinbase	Pyth Network (PYTH)	0.06
Kraken	Pyth Network (PYTH)	0.06

Platform	Coin	Interest rate
YouHodler	Pyth Network (PYTH)	Up to 30% p.a.
Kucoin	Pyth Network (PYTH)	Up to 0.5% 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.