How to Lend dYdX (Wormhole) (DYDX) in Russia: A Step-by-Step Guide

Introduction

Lending dYdX (Wormhole) can be an excellent choice for those in Russia who wish to hold DYDX while generating yield. The process may seem overwhelming, particularly for first-time users. To simplify things, we've created this comprehensive guide tailored for the Russian market.

Step-by-Step Guide

1. Acquire dYdX (Wormhole) (DYDX) Tokens in Russia

To lend dYdX (Wormhole) in Russia, you first need to acquire it. To obtain dYdX (Wormhole), you will need to purchase it from one of the popular cryptocurrency exchanges available in the region.

Platform	Coin	Cost
Nexo	dYdX (Wormhole) (DYDX)	0.16
Binance	dYdX (Wormhole) (DYDX)	0.16
BTSE	dYdX (Wormhole) (DYDX)	0.64
Kraken	dYdX (Wormhole) (DYDX)	0.16
OKX	dYdX (Wormhole) (DYDX)	0.66
Uphold	dYdX (Wormhole) (DYDX)	0.58

View all 46 rates

2. Select a dYdX (Wormhole) Lender in Russia
Once you have DYDX, you'll need to choose a dYdX (Wormhole) lending platform to lend your tokens in Russia. You can explore some options available in the Russian market here.
Platform Coin APY
Kucoin dYdX (Wormhole) (DYDX) Up to 0.5% APY in Russia
MEXC Global dYdX (Wormhole) (DYDX) Up to 0.8% APY in Russia
Explore all 4 lending rates available in Russia
3. Lend Your dYdX (Wormhole) in Russia
Once you've selected a platform to lend your dYdX (Wormhole), transfer your dYdX (Wormhole) into your wallet on the lending platform. After the deposit is made, it will begin to accrue interest. Some platforms offer interest payments daily, while others may pay out weekly or monthly, catering to the preferences of Russian investors.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns interest. The more you deposit, the more interest you can accumulate. Ensure that your lending platform offers compounding interest to maximize your returns in the Russian market.