How to Lend Bittensor (TAO)

Introduction

Lending Bittensor can be a great option for those who want to hold TAO but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Bittensor (TAO) Tokens

   In order to lend Bittensor, you need to have it. To obtain Bittensor, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   PrimeXBT	Bittensor (TAO)	286,81
   Binance	Bittensor (TAO)	287,1
   Coinbase	Bittensor (TAO)	286,89
   Uphold	Bittensor (TAO)	393,44
   Bake	Bittensor (TAO)	287,17
   BingX	Bittensor (TAO)	287,1

   See all 33 prices

2. 2. Choose a Bittensor Lender

   Once you have TAO, you’ll need to choose a Bittensor lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Bitget	Bittensor (TAO)	Up to 0,3% APY
   Coinbase	Bittensor (TAO)	Up to 18,22% APY

3. 3. Lend Your Bittensor

   Once you’ve chosen a platform to lending your Bittensor, transfer your Bittensor into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.