Where and How to Lend NEAR Protocol (NEAR)

Introduction

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

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

   Platform	Loonies	Price
   Nexo	NEAR Protocol (NEAR)	2.5
   PrimeXBT	NEAR Protocol (NEAR)	2.51
   Uphold	NEAR Protocol (NEAR)	2.48
   OKX	NEAR Protocol (NEAR)	2.5
   YouHodler	NEAR Protocol (NEAR)	2.49
   M2	NEAR Protocol (NEAR)	2.49

   See all 59 prices

2. 2. Choose a NEAR Protocol Lender

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

   Platform	Loonies	Interest rate
   Nexo	NEAR Protocol (NEAR)	Up to 10 annual percentage yield
   YouHodler	NEAR Protocol (NEAR)	Up to 16 annual percentage yield
   Bitget	NEAR Protocol (NEAR)	Up to 4.2 annual percentage yield
   Kucoin	NEAR Protocol (NEAR)	Up to 9.3 annual percentage yield
   Blockchain.com	NEAR Protocol (NEAR)	Up to 6.5 annual percentage yield

   See all 12 lending rates

3. 3. Lend Your NEAR Protocol

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