Introduction
Lending PayPal USD can be a great option for those who want to hold PYUSD 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. Get PayPal USD (PYUSD) Tokens
To lend PayPal USD, you need to have it. To get PayPal USD, you'll need to buy it. You can choose from these popular exchanges.
2. Choose a PayPal USD Lender
Once you have PYUSD, you’ll need to choose a PayPal USD lending platform to lend your tokens. You can see some options here.
Platform Loonies Interest rate Aave PayPal USD (PYUSD) Up to 5.75 annual percentage yield Bitget PayPal USD (PYUSD) Up to 8 annual percentage yield 3. Lend Your PayPal USD
Once you’ve chosen a platform for lending your PayPal USD, transfer your PayPal 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. 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.
Latest Movements
PayPal USD (PYUSD) is currently priced at US$5.75 with a 24-hour trading volume of US$18.58M. The market cap of PayPal USD is currently at US$523.59M, with 523.63M PYUSD in circulation. For those interested in buying or trading PayPal USD, Aave offers ways to do so securely and efficiently
- Market capitalization
- US$523.59M
- 24h volume
- US$18.58M
- Circulating supply
- 523.63M PYUSD
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