Introduction
Lending DeFi Pulse Index can be an excellent choice for those looking to hold DPI while earning returns. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this comprehensive guide tailored for you.
Step-by-Step Guide for Indian Investors
1. Acquire DeFi Pulse Index (DPI) Tokens in India
To lend DeFi Pulse Index, you first need to possess it. To acquire DeFi Pulse Index, you'll have to buy it. You can select from these popular Indian exchanges.
2. Choose a DeFi Pulse Index Lender in India
Once you have DPI, you'll need to select an Indian cryptocurrency lending platform to lend your tokens. You can explore some options here.
Platform Coin APY Aave DeFi Pulse Index (DPI) Up to 2.19% APY 3. Earn DeFi Pulse Index in India
Once you've selected a platform to earn your DeFi Pulse Index, transfer your DeFi Pulse Index 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. Earn Interest in India
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the higher your potential earnings. Ensure that your chosen platform offers compounding interest to maximise your returns in the Indian market.
What to Keep in Mind
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto assets. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.
Latest Trends in India
DeFi Pulse Index (DPI) is currently priced at $2.19 with a 24-hour trading volume of $71,998. The market cap of DeFi Pulse Index stands at $2.18Cr, with 1,64,880.66 DPI in circulation. For those looking to buy or trade DeFi Pulse Index, Aave offers avenues to do so securely and efficiently
- Market capitalization
- $2.18Cr
- 24-hour trading volume
- $71,998
- Circulating supply in the market
- 1,64,880.66 DPI