How to Lend Nova Merged USDC (zkLink) (USDC): A Step-by-Step Guide for the UK

Introduction

Lending Nova Merged USDC (zkLink) can be an excellent option for those who wish to hold USDC 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 Nova Merged USDC (zkLink) (USDC) Tokens
To lend Nova Merged USDC (zkLink), you need to possess it. To obtain Nova Merged USDC (zkLink), you'll need to purchase it. You can choose from these popular exchanges in the UK.
Platform Coin Price
Luno Nova Merged USDC (zkLink) (USDC) 1
Azbit Nova Merged USDC (zkLink) (USDC) 1
Kucoin Nova Merged USDC (zkLink) (USDC) 1
View all 6 prices
2. Choose a Nova Merged USDC (zkLink) Lender in the UK
Once you have USDC, you'll need to choose a Nova Merged USDC (zkLink) lending platform to lend your tokens. You can see some options here.
Platform Coin AER
Kucoin Nova Merged USDC (zkLink) (USDC) Up to 3% AER
3. Lend Your Nova Merged USDC (zkLink)
Once you've chosen a platform to lend your Nova Merged USDC (zkLink), transfer your Nova Merged USDC (zkLink) 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
Luno	Nova Merged USDC (zkLink) (USDC)	1
Azbit	Nova Merged USDC (zkLink) (USDC)	1
Kucoin	Nova Merged USDC (zkLink) (USDC)	1

Platform	Coin	AER
Kucoin	Nova Merged USDC (zkLink) (USDC)	Up to 3% 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.