How to Lend Starknet (STRK) in Australia

Introduction

Lending Starknet can be a great option for those who want to hold STRK 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 Starknet (STRK) Tokens

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

   Platform	Coin	Cost
   PrimeXBT	Starknet (STRK)	0.08
   YouHodler	Starknet (STRK)	0.08
   Binance	Starknet (STRK)	0.08
   BTSE	Starknet (STRK)	0.08
   Coinbase	Starknet (STRK)	0.08
   Kraken	Starknet (STRK)	0.08

   See all 60 prices

2. 2. Choose a Starknet lender

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

   Platform	Coin	Interest rate
   YouHodler	Starknet (STRK)	Up to 16% p.a.
   Kucoin	Starknet (STRK)	Up to 0.5% p.a.

   See all 4 lending rates

3. 3. Lend Your Starknet

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