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Lending Decentralized Social can be an excellent choice for those looking to hold DESO 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 Decentralized Social, you first need to possess it. To acquire Decentralized Social, you'll have to buy it. You can select from these popular exchanges available in Spain.
| Plataforma | Cripto | Price |
|---|---|---|
| Coinbase | Decentralized Social (DESO) | 6,92 APY |
| CoinEx | Decentralized Social (DESO) | 5,05 APY |
| Gate.io | Decentralized Social (DESO) | 5,08 APY |
| HTX | Decentralized Social (DESO) | 3,3 APY |
Once you have DESO, you'll need to select a Decentralized Social lending platform to lend your tokens. You can explore some options here.
Once you've selected a platform to lend your Decentralized Social, transfer your Decentralized Social into your wallet on the lending platform. Once it's deposited, it will begin to earn 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 lending platform pays compounding interest to maximise your returns.
Lending your crypto can be risky
