Introduction

Lending dYdX can be an excellent choice for those looking to hold ETHDYDX 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 dYdX (ETHDYDX) Tokens

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

   Plataforma	Cripto	Price
   PrimeXBT	dYdX (ETHDYDX)	0,16 APY
   BingX	dYdX (ETHDYDX)	0,16 APY
   Bitget	dYdX (ETHDYDX)	0,88 APY
   Bitmart	dYdX (ETHDYDX)	0,16 APY
   Bitpanda	dYdX (ETHDYDX)	1,59 APY
   SwissBorg	dYdX (ETHDYDX)	0,35 APY

   Consulta todos los 9 precios

2. 2. Select a dYdX Lender

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

3. 3. Lend Your dYdX

   Once you've selected a platform to lend your dYdX, transfer your dYdX 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.

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 lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky