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Introduction

Lending Lido DAO can be an excellent choice for those looking to hold LDO 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 Lido DAO (LDO) Tokens

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

   Platform	Coin	Price
   Nexo	Lido DAO (LDO)	0.63
   PrimeXBT	Lido DAO (LDO)	0.63
   YouHodler	Lido DAO (LDO)	0.63
   Binance	Lido DAO (LDO)	0.63
   BTSE	Lido DAO (LDO)	0.63
   Coinbase	Lido DAO (LDO)	0.63

   See all 63 prices

2. 2. Choose a Lido DAO Lender

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

   Platform	Coin	Interest rate
   YouHodler	Lido DAO (LDO)	Up to 30% APY
   Aave	Lido DAO (LDO)	Up to 0% APY

   See all 4 lending rates

3. 3. Earn Lido DAO

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