How to Lend VIDT DAO (VIDT) in Australia

Introduction

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

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

   Platform	Coin	Cost
   Binance	VIDT DAO (VIDT)	0
   BingX	VIDT DAO (VIDT)	0.0005636
   Bitmart	VIDT DAO (VIDT)	0.00045
   Bybit	VIDT DAO (VIDT)	0
   Kucoin	VIDT DAO (VIDT)	0.0002632
   MEXC Global	VIDT DAO (VIDT)	0.000501

   See all 16 prices

2. 2. Choose a VIDT DAO lender

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

   Platform	Coin	Interest rate
   Kucoin	VIDT DAO (VIDT)	Up to 0.5% p.a.

3. 3. Lend Your VIDT DAO

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