Where and How to Lend Kusama (KSM)

Introduction

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

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

   Platform	Loonies	Price
   Nexo	Kusama (KSM)	17.64
   Uphold	Kusama (KSM)	17.58
   Kraken	Kusama (KSM)	17.59
   OKX	Kusama (KSM)	17.24
   Binance	Kusama (KSM)	17.58
   BTSE	Kusama (KSM)	17.57

   See all 48 prices

2. 2. Choose a Kusama Lender

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

   Platform	Loonies	Interest rate
   Nexo	Kusama (KSM)	Up to 12 annual percentage yield
   Bitget	Kusama (KSM)	Up to 6 annual percentage yield
   Kucoin	Kusama (KSM)	Up to 6 annual percentage yield

   See all 4 lending rates

3. 3. Lend Your Kusama

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