Where and How to Lend First Digital USD (FDUSD)

Introduction

Lending First Digital USD can be a great option for those who want to hold FDUSD 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 First Digital USD (FDUSD) Tokens

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

   Platform	Loonies	Price
   Binance	First Digital USD (FDUSD)	1
   MEXC Global	First Digital USD (FDUSD)	1
   Bitget	First Digital USD (FDUSD)	1
   Gate.io	First Digital USD (FDUSD)	1
   BingX	First Digital USD (FDUSD)	1

   See all 18 prices

2. 2. Choose a First Digital USD Lender

   Once you have FDUSD, you’ll need to choose a First Digital USD lending platform to lend your tokens. You can see some options here.

   Platform	Loonies	Interest rate
   Aave	First Digital USD (FDUSD)	Up to 2.86 annual percentage yield
   BTSE	First Digital USD (FDUSD)	Up to 8.3 annual percentage yield

   See all 4 lending rates

3. 3. Lend Your First Digital USD

   Once you’ve chosen a platform for lending your First Digital USD, transfer your First Digital USD 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.