Where and How to Lend Klaytn (KLAY)

Introduction

Lending Klaytn can be a great option for those who want to hold KLAY 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 Klaytn (KLAY) Tokens

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

   Platform	Coin	Price
   Bitpanda	Klaytn (KLAY)	0.13
   Uphold	Klaytn (KLAY)	0.12
   OKX	Klaytn (KLAY)	0.12
   PrimeXBT	Klaytn (KLAY)	0.12
   Binance	Klaytn (KLAY)	0.13
   BTSE	Klaytn (KLAY)	0.12

   See all 13 prices

2. 2. Choose a Klaytn Lender

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

   Platform	Coin	Interest rate
   Kucoin	Klaytn (KLAY)	Up to 0.50 APY
   OKX	Klaytn (KLAY)	Up to 1.00 APY

3. 3. Lend Your Klaytn

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