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Lending Decred can be an excellent choice for those looking to hold DCR 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.
To lend Decred, you first need to possess it. To acquire Decred, you'll have to buy it. You can select from these popular exchanges available in Spain.
| Plataforma | Cripto | Price |
|---|---|---|
| Binance | Decred (DCR) | 16,35 APY |
| Uphold | Decred (DCR) | 15,2 APY |
| BingX | Decred (DCR) | 16,53 APY |
| Bitpanda | Decred (DCR) | 16,05 APY |
| CoinEx | Decred (DCR) | 16,33 APY |
| FMFW.io | Decred (DCR) | 28,73 APY |
Once you have DCR, you'll need to select a Decred lending platform to lend your tokens. You can explore some options here.
Once you've selected a platform to earn your Decred, transfer your Decred 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.
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.
Lending your crypto can be risky
