How to Lend LayerZero (ZRO): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Lending LayerZero can be an excellent choice for Canadians looking to hold ZRO while earning a yield. The process may seem a bit overwhelming, particularly for first-time users. That’s why we’ve created this guide specifically for you.

Step-by-Step Guide for Canadians

1. Acquire LayerZero (ZRO) Tokens in Canada
To lend LayerZero in Canada, you first need to acquire it. To obtain LayerZero, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
Platform Coin Cost
PrimeXBT LayerZero (ZRO) 1.31
YouHodler LayerZero (ZRO) 1.31
Binance LayerZero (ZRO) 1.31
BTSE LayerZero (ZRO) 1.33
Coinbase LayerZero (ZRO) 1.31
Kraken LayerZero (ZRO) 1.31
See all 53 prices in Canada
2. Choose a LayerZero Lender in Canada
Once you have ZRO, you'll need to choose a LayerZero lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY
YouHodler LayerZero (ZRO) Up to 30% APY in Canada
Kucoin LayerZero (ZRO) Up to 0.5% APY in Canada
See all 4 lending rates in Canada
3. Lend Your LayerZero in Canada
Once you've selected a platform to lend your LayerZero, transfer your LayerZero into your wallet on the lending platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest in Canada
Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Be sure to choose a lending platform that offers compounding interest to maximise your returns.

Platform	Coin	Cost
PrimeXBT	LayerZero (ZRO)	1.31
YouHodler	LayerZero (ZRO)	1.31
Binance	LayerZero (ZRO)	1.31
BTSE	LayerZero (ZRO)	1.33
Coinbase	LayerZero (ZRO)	1.31
Kraken	LayerZero (ZRO)	1.31

Platform	Coin	APY
YouHodler	LayerZero (ZRO)	Up to 30% APY in Canada
Kucoin	LayerZero (ZRO)	Up to 0.5% APY in Canada

What Canadians Should Be Aware Of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.