Where and How to Lend Orchid Protocol (OXT)

Introduction

Lending Orchid Protocol can be a great option for those who want to hold OXT 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 Orchid Protocol (OXT) Tokens

   In order to lend Orchid Protocol, you need to have it. To obtain Orchid Protocol, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Uphold	Orchid Protocol (OXT)	0,07
   Kraken	Orchid Protocol (OXT)	0,07
   OKX	Orchid Protocol (OXT)	0,07
   Binance	Orchid Protocol (OXT)	0,07
   Coinbase	Orchid Protocol (OXT)	0,07
   Bitget	Orchid Protocol (OXT)	0,07

   See all 38 prices

2. 2. Choose a Orchid Protocol Lender

   Once you have OXT, you'll need to choose a Orchid Protocol lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Kucoin	Orchid Protocol (OXT)	Up to 0,5 APY
   Gemini	Orchid Protocol (OXT)	Up to 0,01 APY

   See all 4 lending rates

3. 3. Lend Your Orchid Protocol

   Once you've chosen a platform to lending your Orchid Protocol, transfer your Orchid Protocol into your wallet in 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 while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Make sure 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.