Where and How to Lend yearn.finance (YFI)

Introduction

Lending yearn.finance can be a great option for those who want to hold YFI 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 yearn.finance (YFI) Tokens

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

   Platform	Coin	Price
   Nexo	yearn.finance (YFI)	5,076.62
   YouHodler	yearn.finance (YFI)	5,074.48
   Binance	yearn.finance (YFI)	5,070
   BTSE	yearn.finance (YFI)	5,075.99
   Coinbase	yearn.finance (YFI)	5,075.54
   Kraken	yearn.finance (YFI)	5,094

   See all 61 prices

2. 2. Choose a yearn.finance Lender

   Once you have YFI, you’ll need to choose a yearn.finance lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   YouHodler	yearn.finance (YFI)	Up to 12% AER
   Blockchain.com	yearn.finance (YFI)	Up to 1% AER

   See all 8 lending rates

3. 3. Lend Your yearn.finance

   Once you’ve chosen a platform to lend your yearn.finance, transfer your yearn.finance 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.