How to Lend Injective (INJ): A Step-by-Step Guide for the UK

Introduction

Lending Injective can be an excellent option for those who wish to hold INJ 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. Obtain Injective (INJ) Tokens
To lend Injective, you need to possess it. To obtain Injective, you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
PrimeXBT Injective (INJ) 5.18
YouHodler Injective (INJ) 5.18
Binance Injective (INJ) 5.18
BTSE Injective (INJ) 5.19
Coinbase Injective (INJ) 5.19
View all 63 prices
2. Choose a Injective Lender in the UK
Once you have INJ, you'll need to choose a Injective lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Nexo Injective (INJ) Up to 9% AER
YouHodler Injective (INJ) Up to 16% AER
Gemini Injective (INJ) Up to 0.01% AER
View all 7 loan rates
3. Lend Your Injective
Once you've chosen a platform to lend your Injective, transfer your Injective into your wallet on the lending platform. Once it's deposited, it will start earning AER. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn AER
Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compounding interest to maximise your returns.

Platform	Coin	Price
PrimeXBT	Injective (INJ)	5.18
YouHodler	Injective (INJ)	5.18
Binance	Injective (INJ)	5.18
BTSE	Injective (INJ)	5.19
Coinbase	Injective (INJ)	5.19

Platform	Coin	AER
Nexo	Injective (INJ)	Up to 9% AER
YouHodler	Injective (INJ)	Up to 16% AER
Gemini	Injective (INJ)	Up to 0.01% AER

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.