How to Lend Kyber Network Crystal (KNC): A Step-by-Step Guide

Introduction

Lending Kyber Network Crystal can be a great option for those who want to hold KNC 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. Obtain Kyber Network Crystal (KNC) Tokens

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

Platform	Coin	Price
Nexo	Kyber Network Crystal (KNC)	0,24
Binance	Kyber Network Crystal (KNC)	0,24
BTSE	Kyber Network Crystal (KNC)	0,24
Coinbase	Kyber Network Crystal (KNC)	0,24
Kraken	Kyber Network Crystal (KNC)	0,23
OKX	Kyber Network Crystal (KNC)	0,39

See all 49 prices

2. Choose a Kyber Network Crystal Lender
Once you have KNC, you’ll need to choose a Kyber Network Crystal lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Aave Kyber Network Crystal (KNC) Up to 0,42% APY
Gemini Kyber Network Crystal (KNC) Up to 0,01% APY
See all 4 lending rates
3. Lend Your Kyber Network Crystal
Once you’ve chosen a platform to lending your Kyber Network Crystal, transfer your Kyber Network Crystal 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. 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.

Platform	Coin	Interest rate
Aave	Kyber Network Crystal (KNC)	Up to 0,42% APY
Gemini	Kyber Network Crystal (KNC)	Up to 0,01% APY

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.