Where and How to Lend Fungify NFT Index (NFT)

Introduction

Lending Fungify NFT Index can be a great option for those who want to hold NFT but earn yield. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. 1. Obtain Fungify NFT Index (NFT) Tokens

   In order to lend Fungify NFT Index, you need to have it. To obtain Fungify NFT Index, you'll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Kucoin	Fungify NFT Index (NFT)	0

2. 2. Choose a Fungify NFT Index Lender

   Once you have NFT, you'll need to choose a Fungify NFT Index lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Kucoin	Fungify NFT Index (NFT)	Up to 0.5% APY

3. 3. Lend Your Fungify NFT Index

   Once you've chosen a platform to lending your Fungify NFT Index, transfer your Fungify NFT Index into your wallet in the lending platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.