How to Lend Lido DAO (LDO) in the UK

Introduction

Lending Lido DAO can be an excellent option for those who wish to hold LDO 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 Lido DAO (LDO) Tokens

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

   Platform	Coin	Price
   Nexo	Lido DAO (LDO)	0.57
   PrimeXBT	Lido DAO (LDO)	0.57
   YouHodler	Lido DAO (LDO)	0.57
   Binance	Lido DAO (LDO)	0.57
   BTSE	Lido DAO (LDO)	0.57
   Coinbase	Lido DAO (LDO)	0.57

   View all 63 prices

2. 2. Choose a Lido DAO Lender in the UK

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

   Platform	Coin	AER
   YouHodler	Lido DAO (LDO)	Up to 30% AER
   Aave	Lido DAO (LDO)	Up to 0% AER

   View all 4 loan rates

3. 3. Lend Your Lido DAO

   Once you've chosen a platform to lend your Lido DAO, transfer your Lido DAO 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. 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.

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.