Where and How to Earn Injective (INJ)

Introduction

Lending Injective can be an excellent choice for those looking to hold INJ 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 Injective (INJ) Tokens

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

   Platform	Coin	Price
   PrimeXBT	Injective (INJ)	5.18
   YouHodler	Injective (INJ)	5.18
   Binance	Injective (INJ)	5.18
   BTSE	Injective (INJ)	5.19
   Coinbase	Injective (INJ)	5.19

   See all 63 prices

2. 2. Choose a Injective Lender

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

   Platform	Coin	Interest rate
   Nexo	Injective (INJ)	Up to 9% APY
   YouHodler	Injective (INJ)	Up to 16% APY
   Gemini	Injective (INJ)	Up to 0.01% APY

   See all 7 lending rates

3. 3. Earn Injective

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