How to Lend dYdX (Wormhole) (DYDX)

Introduction

Lending dYdX (Wormhole) can be an excellent choice for those looking to hold DYDX 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. 1. Acquire dYdX (Wormhole) (DYDX) Tokens

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

   Piattaforma	Criptovaluta	Value
   Nexo	dYdX (Wormhole) (DYDX)	0.64 APY
   Binance	dYdX (Wormhole) (DYDX)	0.64 APY
   BTSE	dYdX (Wormhole) (DYDX)	0.64 APY
   Kraken	dYdX (Wormhole) (DYDX)	0.64 APY
   OKX	dYdX (Wormhole) (DYDX)	0.66 APY
   Uphold	dYdX (Wormhole) (DYDX)	0.58 APY

   Check out all 46 prices

2. 2. Select a dYdX (Wormhole) Lender in Italy

   Once you have DYDX, you'll need to select a dYdX (Wormhole) lending platform to lend your tokens. You can explore some options here.

   Piattaforma	Criptovaluta	APY
   Kucoin	dYdX (Wormhole) (DYDX)	Up to 0.5% APY
   MEXC Global	dYdX (Wormhole) (DYDX)	Up to 0.8% APY

   Discover all 4 lending APY rates

3. 3. Lend Your dYdX (Wormhole) in Italy

   Once you've selected a platform to lend your dYdX (Wormhole), transfer your dYdX (Wormhole) 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. 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.

What to Consider in Italy

Lending your cryptocurrency can involve significant risks