Where and How to Lend Pudgy Penguins (pengu)

Introduction

Lending Pudgy Penguins can be a great option for those who wish to hold pengu 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 Pudgy Penguins (pengu) Tokens

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

   Platform	Coin	Price
   Kraken	Pudgy Penguins (pengu)	0
   Coinbase	Pudgy Penguins (pengu)	0

2. 2. Select a Pudgy Penguins Lender

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

   Platform	Coin	Interest rate
   YouHodler	Pudgy Penguins (pengu)	Up to 30 APY
   Kucoin	Pudgy Penguins (pengu)	Up to 0.02 APY

   See all 4 lending rates

3. 3. Lend Your Pudgy Penguins

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