Introduction
Lending XAI can be an excellent choice for those looking to hold x 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. Acquire XAI (x) Tokens
To lend XAI, you first need to possess it. To acquire XAI, you'll have to buy it. You can select from these popular exchanges available in Spain.
2. Select a XAI Lender
Once you have x, you'll need to select a XAI lending platform to lend your tokens. You can explore some options here.
3. Earn XAI with competitive APY rates that can help you grow your investment
Once you've selected a platform to earn your XAI, transfer your XAI 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. 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
