How to Lend Truebit Protocol (TRU): A Step-by-Step Guide

Introduction

Lending Truebit Protocol can be a great option for those who want to hold TRU 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 Truebit Protocol (TRU) Tokens

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

Platform	Coin	Price
Binance	Truebit Protocol (TRU)	0,01
Kraken	Truebit Protocol (TRU)	0,01
Bake	Truebit Protocol (TRU)	0,01
Bitmart	Truebit Protocol (TRU)	0,0001
Bitpanda	Truebit Protocol (TRU)	0,11
Crypto.com	Truebit Protocol (TRU)	0,01

See all 17 prices

2. Choose a Truebit Protocol Lender
Once you have TRU, you’ll need to choose a Truebit Protocol lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Kucoin Truebit Protocol (TRU) Up to 0,5% APY
3. Lend Your Truebit Protocol
Once you’ve chosen a platform to lending your Truebit Protocol, transfer your Truebit Protocol 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
Kucoin	Truebit Protocol (TRU)	Up to 0,5% 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.