Where and How to Earn Arbitrum (ARB)

Introduction

Lending Arbitrum can be an excellent choice for those looking to hold ARB while earning yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide

1. 1. Acquire Arbitrum (ARB) Tokens

   To lend Arbitrum, you must first acquire it. To obtain Arbitrum, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.

   Platform	Coin	Price
   Nexo	Arbitrum (ARB)	0.21
   EarnPark	Arbitrum (ARB)	0.2
   YouHodler	Arbitrum (ARB)	0.2
   Binance	Arbitrum (ARB)	0.2
   BTSE	Arbitrum (ARB)	0.2
   Coinbase	Arbitrum (ARB)	0.2

   See all 58 prices

2. 2. Choose a Arbitrum Lender

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

   Platform	Coin	Interest rate
   Nexo	Arbitrum (ARB)	Up to 6% APY
   EarnPark	Arbitrum (ARB)	Up to 7% APY
   Aave	Arbitrum (ARB)	Up to 0.71% APY
   Bitget	Arbitrum (ARB)	Up to 0.16% APY

   See all 11 lending rates

3. 3. Earn Arbitrum

   Once you've selected a platform to earn your Arbitrum, transfer your Arbitrum into your wallet on the earning platform. Once it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is relax while your cryptocurrency earns interest. The more you deposit, the higher your potential earnings. Ensure that your earning platform offers compounding APY to maximize your returns.

What to be Aware of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they have in place to secure your cryptocurrency.