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Introduction

Lending Chainlink can be an excellent choice for those looking to hold LINK while generating yield. The process might seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for Spain 1

1. 1. Acquire Chainlink (LINK) Tokens

   To lend Chainlink, you first need to possess it. To acquire Chainlink, you'll have to buy it. You can select from these popular exchanges available in Spain.

   Plataforma	Cripto	Price
   Nexo	Chainlink (LINK)	13,44 APY
   PrimeXBT	Chainlink (LINK)	13,4 APY
   YouHodler	Chainlink (LINK)	13,39 APY
   Binance	Chainlink (LINK)	13,41 APY
   BTSE	Chainlink (LINK)	13,4 APY

   Consulta todos los 73 precios

2. 2. Select a Chainlink Lender

   Once you have LINK, you'll need to select a Chainlink lending platform to lend your tokens. You can explore some options here.

   Plataforma	Cripto	APY
   Nexo	Chainlink (LINK)	Hasta 7% APY
   EarnPark	Chainlink (LINK)	Hasta 5% APY
   YouHodler	Chainlink (LINK)	Hasta 12% APY
   Aave	Chainlink (LINK)	Hasta 0,03% APY

   Lending APY

3. 3. Earn Chainlink with competitive APY rates that can help you grow your investment

   Once you've selected a platform to earn your Chainlink, transfer your Chainlink into your wallet on the earning platform. Once it's deposited, it will begin to accrue APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Generate Earnings

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

What to Keep in Mind

Lending your crypto can be risky