How to Lend Unifi Protocol DAO (UNFI) in Australia

Introduction

Lending Unifi Protocol DAO can be a great option for those who want to hold UNFI 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 Unifi Protocol DAO (UNFI) Tokens

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

   Platform	Coin	Cost
   Binance	Unifi Protocol DAO (UNFI)	1.34
   Coinbase	Unifi Protocol DAO (UNFI)	0.49
   Kraken	Unifi Protocol DAO (UNFI)	0.09
   Uphold	Unifi Protocol DAO (UNFI)	0.23
   BingX	Unifi Protocol DAO (UNFI)	0.09
   Bitget	Unifi Protocol DAO (UNFI)	0.31

   See all 21 prices

2. 2. Choose a Unifi Protocol DAO lender

   Once you have UNFI, you'll need to choose a Unifi Protocol DAO lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Kucoin	Unifi Protocol DAO (UNFI)	Up to 0.5% p.a.

3. 3. Lend Your Unifi Protocol DAO

   Once you've chosen a platform to lend your Unifi Protocol DAO, transfer your Unifi Protocol DAO 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.