How to Lend Arbitrum (ARB) in the cryptocurrency market

Introduction

Lending Arbitrum can be an excellent choice for individuals looking to hold ARB 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 Arbitrum (ARB) Tokens

   To lend Arbitrum, you must first possess it. To acquire Arbitrum, 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	Arbitrum (ARB)	0.21 APY
   EarnPark	Arbitrum (ARB)	0.2 APY
   YouHodler	Arbitrum (ARB)	0.2 APY
   Binance	Arbitrum (ARB)	0.2 APY
   BTSE	Arbitrum (ARB)	0.2 APY
   Coinbase	Arbitrum (ARB)	0.2 APY

   View all 58 prices

2. 2. Select a Arbitrum lending platform

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

   Platform	Coin	APY
   Nexo	Arbitrum (ARB)	Up to 6% APY
   EarnPark	Arbitrum (ARB)	Up to 7% APY
   Aave	Arbitrum (ARB)	Up to 0.71% APY
   Bitget	Arbitrum (ARB)	Up to 0.16% APY

   View all 11 loan interest rates

3. 3. Lend Your Arbitrum for attractive APY returns

   After selecting a platform to lend your Arbitrum, transfer your Arbitrum 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