How to Lend Uniswap (UNI) in Canada

Introduction to Cryptocurrency in Canada

Lending Uniswap can be an excellent choice for Canadians looking to hold UNI 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. 1. Acquire Uniswap (UNI) Tokens in Canada

   To lend Uniswap in Canada, you first need to acquire it. To obtain Uniswap, you'll need to purchase it from one of these popular exchanges available in the Canadian market.

   Platform	Coin	Cost
   Nexo	Uniswap (UNI)	5.94
   PrimeXBT	Uniswap (UNI)	5.91
   YouHodler	Uniswap (UNI)	5.92
   Binance	Uniswap (UNI)	5.92
   BTSE	Uniswap (UNI)	5.92
   OKX	Uniswap (UNI)	5.94

   See all 59 prices in Canada

2. 2. Choose a Uniswap Lender in Canada

   Once you have UNI, you'll need to choose a Uniswap lending platform to lend your tokens. You can explore some options available in Canada here.

   Platform	Coin	APY
   YouHodler	Uniswap (UNI)	Up to 12% APY in Canada
   Aave	Uniswap (UNI)	Up to 0.01% APY in Canada
   Blockchain.com	Uniswap (UNI)	Up to 1% APY in Canada

   See all 13 lending rates in Canada

3. 3. Lend Your Uniswap in Canada

   Once you've selected a platform to lend your Uniswap, transfer your Uniswap 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. 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.

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.