Where and How to Lend Band Protocol (BAND)

Introduction

Lending Band Protocol can be a great option for those who want to hold BAND 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 Band Protocol (BAND) Tokens

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

   Platform	Coin	Price
   Bitpanda	Band Protocol (BAND)	1.34
   Uphold	Band Protocol (BAND)	1.34
   Kraken	Band Protocol (BAND)	1.34
   OKX	Band Protocol (BAND)	1.34
   Binance	Band Protocol (BAND)	1.34
   Coinbase	Band Protocol (BAND)	1.34

   See all 17 prices

2. 2. Choose a Band Protocol Lender

   Once you have BAND, you’ll need to choose a Band Protocol lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Kucoin	Band Protocol (BAND)	Up to 0.5 APY
   OKX	Band Protocol (BAND)	Up to 1 APY

3. 3. Lend Your Band Protocol

   Once you’ve chosen a platform to lending your Band Protocol, transfer your Band Protocol into your wallet in the lending 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 lending 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.