Where and How to Earn yearn.finance (YFI)

Introduction

Lending yearn.finance can be a great option for those who want to hold YFI 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. Acquire yearn.finance (YFI) Tokens

   To lend yearn.finance, you need to possess it. To acquire yearn.finance, you’ll need to buy it. You can select from these popular exchanges.

   Platform	Coin	Price
   Nexo	yearn.finance (YFI)	5,350.05
   YouHodler	yearn.finance (YFI)	5,344.84
   Uphold	yearn.finance (YFI)	5,349.55
   Kraken	yearn.finance (YFI)	5,332
   OKX	yearn.finance (YFI)	5,320
   Binance	yearn.finance (YFI)	5,345

   See all 61 prices

2. 2. Choose a yearn.finance Lender

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

   Platform	Coin	Interest rate
   YouHodler	yearn.finance (YFI)	Up to 12% AER
   Blockchain.com	yearn.finance (YFI)	Up to 1% AER

   See all 8 lending rates

3. 3. Earn yearn.finance

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

4. 4. Earn Interest

   Now all you need to do is sit back whilst your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your earning 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.