Introduction

Lending DexPad can be an excellent option for those who wish to hold DXP while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain DexPad (DXP) Tokens

   To lend DexPad, you need to possess it. To obtain DexPad, you'll need to purchase it. You can choose from these popular exchanges in the UK.

2. 2. Choose a DexPad Lender in the UK

   Once you have DXP, you'll need to choose a DexPad lending platform to lend your tokens. You can see some options here.

3. 3. Earn DexPad

   Once you've selected a platform to earn your DexPad, transfer your DexPad into your wallet on the earning platform. Once it's deposited, it will begin to accrue AER. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn AER

   Now all you need to do is sit back while your cryptocurrency earns AER. The more you deposit, the more interest you can earn. Ensure that your earning platform pays compounding interest to maximise your returns.

What to Be Aware Of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Do not lend more than you are prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.