Where and How to Lend Shiba Inu (SHIB)

Introduction

Lending Shiba Inu can be a great option for those who want to hold SHIB 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 Shiba Inu (SHIB) Tokens

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

   Platform	Coin	Price
   Uphold	Shiba Inu (SHIB)	0.00001162
   YouHodler	Shiba Inu (SHIB)	0.00001191
   OKX	Shiba Inu (SHIB)	0.00001192
   Binance	Shiba Inu (SHIB)	0.0000119
   BTSE	Shiba Inu (SHIB)	0.00001191
   Gate.io	Shiba Inu (SHIB)	0.00001188

   See all 42 prices

2. 2. Choose a Shiba Inu Lender

   Once you have SHIB, you’ll need to choose a Shiba Inu lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   YouHodler	Shiba Inu (SHIB)	Up to 16 AER
   CEX.io	Shiba Inu (SHIB)	Up to 1 AER

   See all 6 lending rates

3. 3. Lend Your Shiba Inu

   Once you’ve chosen a platform to lend your Shiba Inu, transfer your Shiba Inu 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.