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Introduction

Lending First Digital USD can be an excellent choice for those looking to hold FDUSD 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 First Digital USD (FDUSD) Tokens

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

   Platform	Coin	Price
   Binance	First Digital USD (FDUSD)	1
   Azbit	First Digital USD (FDUSD)	1
   BingX	First Digital USD (FDUSD)	1
   Bitget	First Digital USD (FDUSD)	1
   Bybit	First Digital USD (FDUSD)	1

   See all 19 prices

2. 2. Choose a First Digital USD Lender

   Once you have FDUSD, you'll need to select a First Digital USD lending platform to lend your tokens. You can explore some options here.

   Platform	Coin	Interest rate
   Aave	First Digital USD (FDUSD)	Up to 2.86% APY
   BTSE	First Digital USD (FDUSD)	Up to 7% APY

   See all 5 lending rates

3. 3. Earn First Digital USD

   Once you've selected a platform to earn your First Digital USD, transfer your First Digital USD 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.