How to Lend 1inch (1INCH) in the cryptocurrency market

Introduction

Lending 1inch can be an excellent choice for individuals looking to hold 1INCH while earning an attractive APY. The process may seem a bit overwhelming, particularly for first-time users. To simplify this experience, we have created this comprehensive guide tailored for you.

Step-by-Step Guide

1. 1. Acquire 1inch (1INCH) Tokens

   To lend 1inch, you must first possess it. To acquire 1inch, you will need to buy it. You can select from these well-known exchanges that are popular in the Chinese market.

   Platform	Coin	Price
   Nexo	1inch (1INCH)	0.15 APY
   PrimeXBT	1inch (1INCH)	0.15 APY
   YouHodler	1inch (1INCH)	0.15 APY
   Binance	1inch (1INCH)	0.15 APY
   BTSE	1inch (1INCH)	0.15 APY
   Coinbase	1inch (1INCH)	0.15 APY

   View all 61 prices

2. 2. Select a 1inch lending platform

   Once you have 1INCH, you'll need to select a 1inch lending platform to lend your tokens. You can explore several options available in the market here.

   Platform	Coin	APY
   Nebeus	1inch (1INCH)	Up to 13% APY
   YouHodler	1inch (1INCH)	Up to 12% APY
   Aave	1inch (1INCH)	Up to 0.09% APY

   View all 9 loan interest rates

3. 3. Lend Your 1inch for attractive APY returns

   After selecting a platform to lend your 1inch, transfer your 1inch into your wallet on the lending platform. Once the deposit is completed, it will begin to accrue APY. Some platforms offer daily interest payouts, while others may provide interest on a weekly or monthly basis.

4. 4. Earn APY on Your Assets

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding APY to maximize your earnings.

What to Consider in the Chinese Market

Lending your cryptocurrency can involve significant risks