Where and How to Lend Chainlink (LINK)

Introduction

Lending Chainlink can be a great option for those who want to hold LINK 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 Chainlink (LINK) Tokens

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

   Platform	Loonies	Price
   Nexo	Chainlink (LINK)	13.75
   PrimeXBT	Chainlink (LINK)	13.68
   Uphold	Chainlink (LINK)	13.72
   Kraken	Chainlink (LINK)	13.79
   OKX	Chainlink (LINK)	13.78
   YouHodler	Chainlink (LINK)	13.7

   See all 73 prices

2. 2. Choose a Chainlink Lender

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

   Platform	Loonies	Interest rate
   Nexo	Chainlink (LINK)	Up to 7 annual percentage yield
   YouHodler	Chainlink (LINK)	Up to 12 annual percentage yield
   Aave	Chainlink (LINK)	Up to 0.03 annual percentage yield

   See all 13 lending rates

3. 3. Lend Your Chainlink

   Once you’ve chosen a platform for lending your Chainlink, transfer your Chainlink 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.