missing en-gb translation: how-to.verb.earn.hero.heading

Introduction

Lending Pyth Network can be an excellent option for those who wish to hold PYTH 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 Pyth Network (PYTH) Tokens

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

   Platform	Coin	Price
   PrimeXBT	Pyth Network (PYTH)	0.06
   YouHodler	Pyth Network (PYTH)	0.06
   Binance	Pyth Network (PYTH)	0.06
   BTSE	Pyth Network (PYTH)	0.06
   Coinbase	Pyth Network (PYTH)	0.06
   Kraken	Pyth Network (PYTH)	0.06

   View all 59 prices

2. 2. Choose a Pyth Network Lender in the UK

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

   Platform	Coin	AER
   YouHodler	Pyth Network (PYTH)	Up to 30% AER
   Kucoin	Pyth Network (PYTH)	Up to 0.5% AER

   View all 4 loan rates

3. 3. Earn Pyth Network

   Once you've selected a platform to earn your Pyth Network, transfer your Pyth Network 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.