Where and How to Lend Alchemix (ALCX)

Introduction

Lending Alchemix can be a great option for those who want to hold ALCX but earn yield. The steps can be a little 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. Get Alchemix (ALCX) Tokens

   To lend Alchemix, you need to have it. To get Alchemix, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Loonies	Price
   Uphold	Alchemix (ALCX)	8.26
   Kraken	Alchemix (ALCX)	8.26
   OKX	Alchemix (ALCX)	8.54
   Binance	Alchemix (ALCX)	8.27
   Coinbase	Alchemix (ALCX)	8.28
   Gate.io	Alchemix (ALCX)	8.25

   See all 24 prices

2. 2. Choose a Alchemix Lender

   Once you have ALCX, you’ll need to choose a Alchemix lending platform to lend your tokens. You can see some options here.

   Platform	Loonies	Interest rate
   Gemini	Alchemix (ALCX)	Up to 0.01 annual percentage yield

3. 3. Lend Your Alchemix

   Once you’ve chosen a platform for lending your Alchemix, transfer your Alchemix into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others pay 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. Try to make sure your lending platform pays compounding interest to maximize your returns.

What to be Aware of

Loaning your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check out their lending practices, reviews, and how they secure your cryptocurrency.