Introduction

Lending FYDcoin can be an excellent choice for those looking to hold FYD 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 FYDcoin (FYD) Tokens

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

2. 2. Choose a FYDcoin Lender

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

3. 3. Earn FYDcoin

   Once you've selected a platform to earn your FYDcoin, transfer your FYDcoin 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.