Where and How to Lend Hydra (HYDRA)

Introduction

Lending Hydra can be a great option for those who want to hold HYDRA 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 Hydra (HYDRA) Tokens

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

   Platform	Coin	Price
   Bitmart	Hydra (HYDRA)	0.3
   MEXC Global	Hydra (HYDRA)	0.3
   Kucoin	Hydra (HYDRA)	0.3
   Gate.io	Hydra (HYDRA)	0.31

   See all 4 prices

2. 2. Choose a Hydra Lender

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

   Platform	Coin	Interest rate
   MEXC Global	Hydra (HYDRA)	Up to 6 APY

3. 3. Lend Your Hydra

   Once you’ve chosen a platform to lending your Hydra, transfer your Hydra 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.