Where and How to Lend Pyth Network (PYTH)

Introduction

Lending Pyth Network can be a great option for those who want to hold PYTH 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 Pyth Network (PYTH) Tokens

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

   Platform	Coin	Price
   M2	Pyth Network (PYTH)	0.33
   Uphold	Pyth Network (PYTH)	0.33
   Kraken	Pyth Network (PYTH)	0.33
   OKX	Pyth Network (PYTH)	0.33
   YouHodler	Pyth Network (PYTH)	0.33
   Binance	Pyth Network (PYTH)	0.33

   See all 28 prices

2. 2. Choose a Pyth Network Lender

   Once you have PYTH, you’ll need to choose a Pyth Network lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   YouHodler	Pyth Network (PYTH)	Up to 30 AER
   Kucoin	Pyth Network (PYTH)	Up to 0.5 AER

3. 3. Lend Your Pyth Network

   Once you’ve chosen a platform to lend your Pyth Network, transfer your Pyth Network 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.