Introduction
Lending PayPal USD can be a great option for those who want to hold PYUSD 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. Obtain PayPal USD (PYUSD) Tokens
To lend PayPal USD, you need to have it. To acquire PayPal USD, you’ll need to buy it. You can choose from these popular exchanges.
2. Choose a PayPal USD Lender
Once you have PYUSD, you’ll need to choose a PayPal USD lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate Aave PayPal USD (PYUSD) Up to 5.75 AER Bitget PayPal USD (PYUSD) Up to 8 AER 3. Lend Your PayPal USD
Once you’ve chosen a platform to lend your PayPal USD, transfer your PayPal USD 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. 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.
Latest Movements
PayPal USD (PYUSD) is currently priced at US$5.75 with a 24-hour trading volume of US$18.58M. The market cap of PayPal USD stands at US$523.59M, with 523.63M PYUSD in circulation. For those looking to purchase or trade PayPal USD, Aave offers avenues to do so securely and efficiently}
- Market capitalisation
- US$523.59M
- 24-hour volume
- US$18.58M
- Circulating supply
- 523.63M PYUSD
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