Where and How to Lend dYdX (Wormhole) (DYDX)

Introduction

Lending dYdX (Wormhole) can be a great option for those who wish to hold DYDX 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 dYdX (Wormhole) (DYDX) Tokens

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

   Platform	Coin	Price
   Nexo	dYdX (Wormhole) (DYDX)	1.57
   Uphold	dYdX (Wormhole) (DYDX)	1.57
   Kraken	dYdX (Wormhole) (DYDX)	1.57
   OKX	dYdX (Wormhole) (DYDX)	1.57
   Binance	dYdX (Wormhole) (DYDX)	1.56
   BTSE	dYdX (Wormhole) (DYDX)	1.57

   See all 24 prices

2. 2. Select a dYdX (Wormhole) Lender

   Once you have DYDX, you’ll need to choose a dYdX (Wormhole) lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   MEXC Global	dYdX (Wormhole) (DYDX)	Up to 0.8 APY
   Kucoin	dYdX (Wormhole) (DYDX)	Up to 0.5 APY

3. 3. Lend Your dYdX (Wormhole)

   After you have selected a platform for lending your dYdX (Wormhole), transfer your dYdX (Wormhole) 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.