Where and How to Earn yearn.finance (YFI)

简介

Lending yearn.finance for those who want to hold YFI, 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 yearn.finance (YFI) Tokens

   To lend yearn.finance, you need to already own it. To get yearn.finance, you’ll need to buy it. You can select from these well-known exchanges.

   Platform	Coin	Price
   Nexo	yearn.finance (YFI)	6,044.9
   Uphold	yearn.finance (YFI)	6,035.74
   YouHodler	yearn.finance (YFI)	6,040
   Kraken	yearn.finance (YFI)	6,076
   OKX	yearn.finance (YFI)	5,324
   M2	yearn.finance (YFI)	6,038.64

   See all 61 prices

2. 2. Choose a yearn.finance Lender

   Once you have YFI, you'll need to choose a yearn.finance lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   YouHodler	yearn.finance (YFI)	Up to 12% APY
   Kucoin	yearn.finance (YFI)	Up to 0.5% APY
   Blockchain.com	yearn.finance (YFI)	Up to 1% APY

   See all 8 lending rates

3. 3. Earn yearn.finance

   After selecting a platform for earning your yearn.finance, transfer your yearn.finance 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.