Introduction
Lending Pendle can be a great option for those who want to hold PENDLE 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. Obtain Pendle (PENDLE) Tokens
In order to lend Pendle, you need to have it. To obtain Pendle, you'll need to purchase it. You can choose from these popular exchanges.
See all 52 pricesPlatform Coin Price YouHodler Pendle (PENDLE) 5.48 Binance Pendle (PENDLE) 5.47 BTSE Pendle (PENDLE) 5.48 Coinbase Pendle (PENDLE) 5.48 Kraken Pendle (PENDLE) 5.46 OKX Pendle (PENDLE) 2.94 2. Choose a Pendle Lender
Once you have PENDLE, you'll need to choose a Pendle lending platform to lend your tokens. You can see some options here.
See all 4 lending ratesPlatform Coin Interest rate YouHodler Pendle (PENDLE) Up to 30% APY Kucoin Pendle (PENDLE) Up to 0.5% APY 3. Earn Pendle
Once you've chosen a platform to earning your Pendle, transfer your Pendle 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. 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.
Latest Movements
Pendle (PENDLE) is currently priced at $0.5 with a 24-hour trading volume of $75.47M. The market cap of Pendle stands at $653.63M, with 163.01M PENDLE in circulation. For those looking to buy or trade Pendle, YouHodler offers avenues to do so securely and efficiently}
- Market cap
- $653.63M
- 24h volume
- $75.47M
- Circulating supply
- 163.01M PENDLE
Frequently Asked Questions About Lending Pendle (PENDLE)
- What are the current lending rates for Pendle (PENDLE)?
- Pendle currently offers two lending rates, with an average lending rate of 150.25%. The best rate is available on YouHodler, providing competitive options for users looking to lend their Pendle tokens. It is essential to stay informed about these rates, as they can frequently change based on market conditions. For real-time updates, consider checking Bitcompare regularly and setting up email rate alerts to stay informed.