Where and How to Lend IOST (IOST)

Introduction

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

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

   Platform	Loonies	Price
   EarnPark	IOST (IOST)	0.01
   OKX	IOST (IOST)	0
   Binance	IOST (IOST)	0
   Bitget	IOST (IOST)	0
   MEXC Global	IOST (IOST)	0
   Kucoin	IOST (IOST)	0

   See all 35 prices

2. 2. Choose a IOST Lender

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

   Platform	Loonies	Interest rate
   EarnPark	IOST (IOST)	Up to 10 annual percentage yield
   Kucoin	IOST (IOST)	Up to 0.5 annual percentage yield

3. 3. Lend Your IOST

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