Where and How to Lend Pax Dollar (USDP)

Introduction

Lending Pax Dollar can be a great option for those who wish to hold USDP 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 Pax Dollar (USDP) Tokens

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

   Platform	Coin	Price
   YouHodler	Pax Dollar (USDP)	1.00
   Binance	Pax Dollar (USDP)	1.00
   Bitmart	Pax Dollar (USDP)	1.00
   MEXC Global	Pax Dollar (USDP)	1.00

   See all 9 prices

2. 2. Select a Pax Dollar Lender

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

   Platform	Coin	Interest rate
   Nexo	Pax Dollar (USDP)	Up to 14.00 APY
   YouHodler	Pax Dollar (USDP)	Up to 20.00 APY
   Neverless	Pax Dollar (USDP)	Up to 14.00 APY

   See all 6 lending rates

3. 3. Lend Your Pax Dollar

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