Where and How to Lend Dymension (DYM)

Introduction

Lending Dymension can be a great option for those who wish to hold DYM 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 Dymension (DYM) Tokens

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

   Platform	Coin	Price
   Bitpanda	Dymension (DYM)	1.63
   Kraken	Dymension (DYM)	1.64
   Binance	Dymension (DYM)	1.63
   Bitmart	Dymension (DYM)	1.63
   MEXC Global	Dymension (DYM)	1.64
   BingX	Dymension (DYM)	1.63

   See all 16 prices

2. 2. Select a Dymension Lender

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

   Platform	Coin	Interest rate
   Kucoin	Dymension (DYM)	Up to 0.50 APY

3. 3. Lend Your Dymension

   After you have selected a platform for lending your Dymension, transfer your Dymension 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.