How to Lend Rocket Pool (RPL): A Step-by-Step Guide for Canadians

Introduction to Cryptocurrency in Canada

Lending Rocket Pool can be an excellent choice for Canadians looking to hold RPL 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 Rocket Pool (RPL) Tokens in Canada
To lend Rocket Pool in Canada, you first need to acquire it. To obtain Rocket Pool, you'll need to purchase it from one of these popular exchanges available in the Canadian market.
Platform Coin Cost
Binance Rocket Pool (RPL) 2.03
Coinbase Rocket Pool (RPL) 2.03
Kraken Rocket Pool (RPL) 2
OKX Rocket Pool (RPL) 5.31
Uphold Rocket Pool (RPL) 6.13
Azbit Rocket Pool (RPL) 2.02
See all 46 prices in Canada
2. Choose a Rocket Pool Lender in Canada
Once you have RPL, you'll need to choose a Rocket Pool lending platform to lend your tokens. You can explore some options available in Canada here.
Platform Coin APY
Aave Rocket Pool (RPL) Up to 2.99% APY in Canada
Kucoin Rocket Pool (RPL) Up to 0.5% APY in Canada
See all 4 lending rates in Canada
3. Lend Your Rocket Pool in Canada
Once you've selected a platform to lend your Rocket Pool, transfer your Rocket Pool 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
Binance	Rocket Pool (RPL)	2.03
Coinbase	Rocket Pool (RPL)	2.03
Kraken	Rocket Pool (RPL)	2
OKX	Rocket Pool (RPL)	5.31
Uphold	Rocket Pool (RPL)	6.13
Azbit	Rocket Pool (RPL)	2.02

Platform	Coin	APY
Aave	Rocket Pool (RPL)	Up to 2.99% APY in Canada
Kucoin	Rocket Pool (RPL)	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.