Where and How to Lend Virtuals Protocol (VIRTUAL)

Introduction

Lending Virtuals Protocol can be a great option for those who want to hold VIRTUAL but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Virtuals Protocol (VIRTUAL) Tokens

   In order to lend Virtuals Protocol, you need to have it. To obtain Virtuals Protocol, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	Virtuals Protocol (VIRTUAL)	3,66
   BTSE	Virtuals Protocol (VIRTUAL)	3,65
   BingX	Virtuals Protocol (VIRTUAL)	3,7
   Bitget	Virtuals Protocol (VIRTUAL)	3,66
   Bitmart	Virtuals Protocol (VIRTUAL)	3,66
   Bitpanda	Virtuals Protocol (VIRTUAL)	1,07

   See all 16 prices

2. 2. Choose a Virtuals Protocol Lender

   Once you have VIRTUAL, you’ll need to choose a Virtuals Protocol lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Kucoin	Virtuals Protocol (VIRTUAL)	Up to 4 APY

3. 3. Lend Your Virtuals Protocol

   Once you’ve chosen a platform to lending your Virtuals Protocol, transfer your Virtuals Protocol into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.