How to Lend dYdX (ETHDYDX): A Comprehensive Guide for Italian Investors

Introduction

Lending dYdX can be an excellent choice for those looking to hold ETHDYDX while generating a return. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to help you navigate through it.

Step-by-Step Guide for Italian Investors

1. Acquire dYdX (ETHDYDX) Tokens

To lend dYdX, you must first possess it. To acquire dYdX, you'll need to buy it. You can select from these well-known exchanges available in Italy.

Piattaforma	Criptovaluta	Value
PrimeXBT	dYdX (ETHDYDX)	0,16 APY
BingX	dYdX (ETHDYDX)	0,16 APY
Bitget	dYdX (ETHDYDX)	0,88 APY
Bitmart	dYdX (ETHDYDX)	0,16 APY
Bitpanda	dYdX (ETHDYDX)	1,59 APY
SwissBorg	dYdX (ETHDYDX)	0,35 APY

Check out all 9 prices

2. Select a dYdX Lender in Italy
Once you have ETHDYDX, you'll need to select a dYdX lending platform to lend your tokens. You can explore some options here.
3. Lend Your dYdX in Italy
Once you've selected a platform to lend your dYdX, transfer your dYdX into your wallet on the lending platform. After the deposit is made, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximize your earnings.