How to Lend Polymesh (POLYX): A Step-by-Step Guide for Spain

Introduction

Lending Polymesh can be an excellent choice for those looking to hold POLYX 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 Polymesh (POLYX) Tokens

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

Plataforma	Cripto	Price
PrimeXBT	Polymesh (POLYX)	0,06 APY
Binance	Polymesh (POLYX)	0,06 APY
BingX	Polymesh (POLYX)	0,06 APY
Bitget	Polymesh (POLYX)	0,06 APY
Bitmart	Polymesh (POLYX)	0,06 APY
Bitpanda	Polymesh (POLYX)	0,36 APY

Consulta todos los 25 precios

2. Select a Polymesh Lender
Once you have POLYX, you'll need to select a Polymesh lending platform to lend your tokens. You can explore some options here.
Plataforma Cripto APY
Kucoin Polymesh (POLYX) Hasta 0,5% APY
3. Lend Your Polymesh
Once you've selected a platform to lend your Polymesh, transfer your Polymesh 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. 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.