How to Lend Curve DAO (CRV)

Introduction

Lending Curve DAO can be an excellent choice for those looking to hold CRV while earning some returns. The process might seem a bit overwhelming, particularly if you're doing it for the first time. That's why we've created this guide to help you navigate through it smoothly.

Step-by-Step Guide for Ugandan Investors

1. 1. Acquire Curve DAO (CRV) Tokens

   To lend Curve DAO, you first need to possess it. To acquire Curve DAO, you will have to buy it. You can select from these popular exchanges available in Uganda.

   E-platform	Coin	Cost
   Nexo	Curve DAO (CRV)	0.38 APY
   PrimeXBT	Curve DAO (CRV)	0.38 APY
   Binance	Curve DAO (CRV)	0.38 APY
   BTSE	Curve DAO (CRV)	0.38 APY
   Coinbase	Curve DAO (CRV)	0.38 APY
   Kraken	Curve DAO (CRV)	0.38 APY

   See all 71 prices in Uganda

2. 2. Select a Curve DAO Lender

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

   E-platform	Coin	APY
   Aave	Curve DAO (CRV)	Up to 1.58% APY
   Bitget	Curve DAO (CRV)	Up to 1% APY
   Blockchain.com	Curve DAO (CRV)	Up to 1% APY

   View all 9 APY rates

3. 3. Lend Your Curve DAO

   Once you've selected a platform to lend your Curve DAO, transfer your Curve DAO into your wallet on the lending platform. After it's deposited, it will begin to earn APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Grow Your Savings

   Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximise your earnings.

What to Keep in Mind

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 take to secure your cryptocurrency.