How to Lend ZKsync (ZK) in the cryptocurrency market

Introduction

Lending ZKsync can be an excellent choice for individuals looking to hold ZK 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 ZKsync (ZK) Tokens

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

   Platform	Coin	Price
   PrimeXBT	ZKsync (ZK)	0.03 APY
   BTSE	ZKsync (ZK)	0.03 APY
   Coinbase	ZKsync (ZK)	0.03 APY
   Kraken	ZKsync (ZK)	0.03 APY
   OKX	ZKsync (ZK)	0.06 APY
   Bake	ZKsync (ZK)	0.03 APY

   View all 42 prices

2. 2. Select a ZKsync lending platform

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

   Platform	Coin	APY
   Kucoin	ZKsync (ZK)	Up to 0.5% APY

3. 3. Lend Your ZKsync for attractive APY returns

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