Where and How to Lend Pyth Network (PYTH)

Introduction

Lending Pyth Network can be a great option for those who wish to hold PYTH 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 Pyth Network (PYTH) Tokens

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

   Platform	Coin	Price
   Bitpanda	Pyth Network (PYTH)	0.41
   Uphold	Pyth Network (PYTH)	0.41
   Kraken	Pyth Network (PYTH)	0.41
   OKX	Pyth Network (PYTH)	0.41
   YouHodler	Pyth Network (PYTH)	0.41
   Binance	Pyth Network (PYTH)	0.42

   See all 25 prices

2. 2. Select a Pyth Network Lender

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

   Platform	Coin	Interest rate
   YouHodler	Pyth Network (PYTH)	Up to 30.00 APY
   Kucoin	Pyth Network (PYTH)	Up to 0.50 APY
   OKX	Pyth Network (PYTH)	Up to 1.00 APY

3. 3. Lend Your Pyth Network

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