Introduction

Lending FYDcoin can be a great option for those who want to hold FYD 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 FYDcoin (FYD) Tokens

   To lend FYDcoin, you need to have it. To get FYDcoin, you'll need to buy it. You can select from these popular exchanges.

2. 2. Choose a FYDcoin Lender

   Once you have FYD, you'll need to select a FYDcoin lending platform to lend your tokens. You can check some options here.

3. 3. Earn FYDcoin

   Once you've selected a platform to earn your FYDcoin, transfer your FYDcoin into your wallet on the earning platform. Once it's deposited, it will begin earning interest. Some platforms pay interest daily, while others offer it weekly or monthly.

4. 4. Earn Interest

   Now, you just need to relax while your crypto earns interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding interest to maximise your returns.

What to Keep in Mind

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.