Where and How to Lend Pax Dollar (USDP)

Introduction

Lending Pax Dollar can be a great option for those who want to hold USDP 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 Pax Dollar (USDP) Tokens

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

   Platform	Coin	Price
   YouHodler	Pax Dollar (USDP)	1
   Binance	Pax Dollar (USDP)	1
   Bitmart	Pax Dollar (USDP)	1
   MEXC Global	Pax Dollar (USDP)	1

   See all 11 prices

2. 2. Choose a Pax Dollar Lender

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

   Platform	Coin	Interest rate
   Nexo	Pax Dollar (USDP)	Up to 14 AER
   YouHodler	Pax Dollar (USDP)	Up to 20 AER
   Neverless	Pax Dollar (USDP)	Up to 14 AER

   See all 4 lending rates

3. 3. Lend Your Pax Dollar

   Once you’ve chosen a platform to lend your Pax Dollar, transfer your Pax Dollar 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.