Introduction

Lending Komodo can be an excellent choice for those looking to hold KMD 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 Komodo (KMD) Tokens

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

   Plataforma	Cripto	Price
   Binance	Komodo (KMD)	0,02 APY
   Bitpanda	Komodo (KMD)	0,32 APY
   CoinEx	Komodo (KMD)	0,04 APY
   FMFW.io	Komodo (KMD)	0,01 APY
   HTX	Komodo (KMD)	0,03 APY
   Kucoin	Komodo (KMD)	0,04 APY

   Consulta todos los 12 precios

2. 2. Select a Komodo Lender

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

3. 3. Lend Your Komodo

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