How to Lend dYdX (Wormhole) (DYDX): A Step-by-Step Guide

Introduction

Lending dYdX (Wormhole) can be a great option for those who want to hold DYDX 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 dYdX (Wormhole) (DYDX) Tokens

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

Platform	Coin	Price
Nexo	dYdX (Wormhole) (DYDX)	0.19
Binance	dYdX (Wormhole) (DYDX)	0.19
BTSE	dYdX (Wormhole) (DYDX)	0.64
Kraken	dYdX (Wormhole) (DYDX)	0.19
OKX	dYdX (Wormhole) (DYDX)	0.66
Uphold	dYdX (Wormhole) (DYDX)	0.58

See all 46 prices

2. Choose a dYdX (Wormhole) Lender
Once you have DYDX, you'll need to choose a dYdX (Wormhole) lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Kucoin dYdX (Wormhole) (DYDX) Up to 0.5% APY
MEXC Global dYdX (Wormhole) (DYDX) Up to 0.8% APY
See all 4 lending rates
3. Lend Your dYdX (Wormhole)
Once you've chosen a platform to lending your dYdX (Wormhole), transfer your dYdX (Wormhole) 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. 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.

Platform	Coin	Interest rate
Kucoin	dYdX (Wormhole) (DYDX)	Up to 0.5% APY
MEXC Global	dYdX (Wormhole) (DYDX)	Up to 0.8% APY

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

dYdX (Wormhole) (DYDX) is currently priced at $0.8 with a 24-hour trading volume of $124.52. For those looking to buy or trade dYdX (Wormhole), Kucoin offers avenues to do so securely and efficiently}