Introduction

Lending Efinity can be an excellent choice for individuals looking to hold EFI 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 Efinity (EFI) Tokens

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

   平台	Coin	Price
   Bitpanda	Efinity (EFI)	0.06 APY
   Blockchain.com	Efinity (EFI)	0.14 APY
   Gate.io	Efinity (EFI)	0.05 APY

   View all 4 prices

2. 2. Select a Efinity lending platform

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

3. 3. Lend Your Efinity for attractive APY returns

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