How to Lend Polymesh (POLYX) in the cryptocurrency market

Introduction

Lending Polymesh can be an excellent choice for individuals looking to hold POLYX 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 Polymesh (POLYX) Tokens

   To lend Polymesh, you must first possess it. To acquire Polymesh, 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
   Binance	Polymesh (POLYX)	0.13 APY
   BingX	Polymesh (POLYX)	0.13 APY
   Bitget	Polymesh (POLYX)	0.13 APY
   Bitmart	Polymesh (POLYX)	0.11 APY
   Bitpanda	Polymesh (POLYX)	0.36 APY
   Bybit	Polymesh (POLYX)	0.13 APY

   View all 23 prices

2. 2. Select a Polymesh lending platform

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

   平台	Coin	APY
   Kucoin	Polymesh (POLYX)	Up to 0.5% APY

3. 3. Lend Your Polymesh for attractive APY returns

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