Introduction

Lending Beefy can be a great option for those who want to hold BIFI 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 Beefy (BIFI) Tokens

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

   Platform	Coin	Price
   Binance	Beefy (BIFI)	132.5
   Gate.io	Beefy (BIFI)	0.0003409
   CoinEx	Beefy (BIFI)	132.97
   BingX	Beefy (BIFI)	133.49
   Crypto.com	Beefy (BIFI)	132.66

   See all 9 prices

2. 2. Choose a Beefy Lender

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

3. 3. Earn Beefy

   Once you've chosen a platform to earning your Beefy, transfer your Beefy into your wallet in the earning 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 earning 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.