Where and How to Lend Immutable (IMX)

Introduction

Lending Immutable can be a great option for those who want to hold IMX 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. Obtain Immutable (IMX) Tokens

   To lend Immutable, you need to have it. To acquire Immutable, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   M2	Immutable (IMX)	1.25
   Uphold	Immutable (IMX)	1.25
   Kraken	Immutable (IMX)	1.25
   OKX	Immutable (IMX)	1.25
   YouHodler	Immutable (IMX)	1.25
   Binance	Immutable (IMX)	1.25

   See all 32 prices

2. 2. Choose a Immutable Lender

   Once you have IMX, you’ll need to choose a Immutable lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   YouHodler	Immutable (IMX)	Up to 30 AER
   Kucoin	Immutable (IMX)	Up to 0.5 AER

3. 3. Lend Your Immutable

   Once you’ve chosen a platform to lend your Immutable, transfer your Immutable into your wallet on the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are 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 ensure your lending platform pays compound interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Ensure 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.