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Introduction

Lending Livepeer can be an excellent choice for those looking to hold LPT 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 Livepeer (LPT) Tokens

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

   Platform	Coin	Price
   PrimeXBT	Livepeer (LPT)	3.13
   Binance	Livepeer (LPT)	3.14
   BTSE	Livepeer (LPT)	3.14
   Coinbase	Livepeer (LPT)	3.13
   Kraken	Livepeer (LPT)	3.13
   OKX	Livepeer (LPT)	3.82

   See all 53 prices

2. 2. Choose a Livepeer Lender

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

   Platform	Coin	Interest rate
   Gemini	Livepeer (LPT)	Up to 0.01% APY
   Kucoin	Livepeer (LPT)	Up to 0.5% APY

   See all 4 lending rates

3. 3. Earn Livepeer

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