Where and How to Lend Chainlink (LINK)

Introduction

Lending Chainlink can be a great option for those who wish to hold LINK but earn interest. The steps can be a bit intimidating, especially the first time you attempt them. That's why we have compiled this guide for you.

Step-by-Step Guide

1. 1. Acquire Chainlink (LINK) Tokens

   To lend Chainlink, you need to have it. To obtain Chainlink, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Nexo	Chainlink (LINK)	24.13
   PrimeXBT	Chainlink (LINK)	23.99
   M2	Chainlink (LINK)	23.97
   Uphold	Chainlink (LINK)	23.98
   Klink	Chainlink (LINK)	23.96
   OKX	Chainlink (LINK)	24.06

   See all 37 prices

2. 2. Select a Chainlink Lender

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

   Platform	Coin	Interest rate
   Nexo	Chainlink (LINK)	Up to 7 APY
   YouHodler	Chainlink (LINK)	Up to 12 APY
   Aave	Chainlink (LINK)	Up to 0.03 APY

   See all 7 lending rates

3. 3. Lend Your Chainlink

   After you have selected a platform for lending your Chainlink, transfer your Chainlink into your wallet on the lending platform. Once it is deposited, it will begin earning interest. Some platforms pay interest on a daily basis, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you have to do is relax while your crypto earns interest. The more you deposit, the more interest you can earn. Make sure your lending platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure that you do your research before depositing your crypto. Don’t lend more than you’re prepared to lose. Verify their lending practices, reviews, and how they secure your cryptocurrency.