Where and How to Earn dYdX (Wormhole) (DYDX)

简介

Lending dYdX (Wormhole) for those who want to hold DYDX, but also earn yield, can be a good choice. The steps might be a bit intimidating, especially the first time you try them. Therefore, we've prepared this guide for you.

Step-by-step Guide

1. 1. Obtain dYdX (Wormhole) (DYDX) Tokens

   To lend dYdX (Wormhole), you need to already own it. To get dYdX (Wormhole), you’ll need to buy it. You can select from these well-known exchanges.

   Platform	Coin	Price
   Nexo	dYdX (Wormhole) (DYDX)	0.51
   Uphold	dYdX (Wormhole) (DYDX)	0.58
   Kraken	dYdX (Wormhole) (DYDX)	0.51
   OKX	dYdX (Wormhole) (DYDX)	0.51
   Binance	dYdX (Wormhole) (DYDX)	0.51
   BTSE	dYdX (Wormhole) (DYDX)	0.51

   See all 46 prices

2. 2. Choose a dYdX (Wormhole) Lender

   Once you have DYDX, you'll need to choose a dYdX (Wormhole) lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   MEXC Global	dYdX (Wormhole) (DYDX)	Up to 0.8% APY
   Kucoin	dYdX (Wormhole) (DYDX)	Up to 0.5% APY

   See all 4 lending rates

3. 3. Earn dYdX (Wormhole)

   After selecting a platform for earning your dYdX (Wormhole), transfer your dYdX (Wormhole) to your wallet on the earning platform. Once deposited, it begins to earn interest. Some platforms provide interest payouts daily, while others do so weekly or monthly.

4. 4. Earn收益

   Now all you need to do is relax while your crypto generates interest. The more you deposit, the more interest you can earn. Ensure that your earning platform pays compounding interest to maximize your returns.

Things to Note

Lending 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 their lending practices, reviews, and how they secure your cryptocurrency.