How to Lend Raydium (RAY) in Australia

Introduction

Lending Raydium can be a great option for those who want to hold RAY 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 Raydium (RAY) Tokens

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

   Platform	Coin	Cost
   YouHodler	Raydium (RAY)	3.62
   Binance	Raydium (RAY)	3.61
   Kraken	Raydium (RAY)	3.62
   OKX	Raydium (RAY)	3.7
   Uphold	Raydium (RAY)	2.39
   Azbit	Raydium (RAY)	3.61

   See all 45 prices

2. 2. Choose a Raydium lender

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

   Platform	Coin	Interest rate
   YouHodler	Raydium (RAY)	Up to 16% p.a.
   Bitget	Raydium (RAY)	Up to 2.6% p.a.
   Kucoin	Raydium (RAY)	Up to 0.5% p.a.

   See all 5 lending rates

3. 3. Lend Your Raydium

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