Where and How to Lend Rocket Pool (RPL)

Introduction

Lending Rocket Pool can be a great option for those who wish to hold RPL 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 Rocket Pool (RPL) Tokens

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

   Platform	Coin	Price
   Bitpanda	Rocket Pool (RPL)	9.97
   Uphold	Rocket Pool (RPL)	9.99
   Kraken	Rocket Pool (RPL)	10.05
   OKX	Rocket Pool (RPL)	9.97
   Binance	Rocket Pool (RPL)	9.96
   Coinbase	Rocket Pool (RPL)	9.99

   See all 20 prices

2. 2. Select a Rocket Pool Lender

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

   Platform	Coin	Interest rate
   Kucoin	Rocket Pool (RPL)	Up to 0.5 APY
   Aave	Rocket Pool (RPL)	Up to 2.99 APY

3. 3. Lend Your Rocket Pool

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