How to Lend yearn.finance (YFI)

Introduction

Lending yearn.finance can be an excellent choice for those looking to hold YFI 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 yearn.finance (YFI) Tokens

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

   Piattaforma	Criptovaluta	Value
   Nexo	yearn.finance (YFI)	5,869.92 APY
   YouHodler	yearn.finance (YFI)	5,866.24 APY
   Binance	yearn.finance (YFI)	5,868 APY
   BTSE	yearn.finance (YFI)	5,862.73 APY
   Coinbase	yearn.finance (YFI)	5,863.66 APY
   Kraken	yearn.finance (YFI)	5,869 APY

   Check out all 61 prices

2. 2. Select a yearn.finance Lender in Italy

   Once you have YFI, you'll need to select a yearn.finance lending platform to lend your tokens. You can explore some options here.

   Piattaforma	Criptovaluta	APY
   YouHodler	yearn.finance (YFI)	Up to 12% APY
   Blockchain.com	yearn.finance (YFI)	Up to 1% APY

   Discover all 8 lending APY rates

3. 3. Lend Your yearn.finance in Italy

   Once you've selected a platform to lend your yearn.finance, transfer your yearn.finance 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