Where and How to Lend Injective (INJ)

Introduction

Lending Injective can be a great option for those who wish to hold INJ 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 Injective (INJ) Tokens

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

   Platform	Coin	Price
   Bitpanda	Injective (INJ)	25.57
   Uphold	Injective (INJ)	25.56
   Kraken	Injective (INJ)	25.64
   OKX	Injective (INJ)	25.57
   YouHodler	Injective (INJ)	25.57

   See all 24 prices

2. 2. Select a Injective Lender

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

   Platform	Coin	Interest rate
   Nexo	Injective (INJ)	Up to 9.00 APY
   YouHodler	Injective (INJ)	Up to 16.00 APY
   Kucoin	Injective (INJ)	Up to 0.50 APY
   OKX	Injective (INJ)	Up to 1.00 APY

   See all 5 lending rates

3. 3. Lend Your Injective

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