Where and How to Lend Ondo Finance (ONDO)

Introduction

Lending Ondo Finance can be a great option for those who want to hold ONDO 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 Ondo Finance (ONDO) Tokens

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

   Platform	Coin	Price
   Nexo	Ondo Finance (ONDO)	0.71
   Bitpanda	Ondo Finance (ONDO)	0.69
   Uphold	Ondo Finance (ONDO)	0.71
   Kraken	Ondo Finance (ONDO)	0.70
   OKX	Ondo Finance (ONDO)	0.70
   Coinbase	Ondo Finance (ONDO)	0.70

   See all 17 prices

2. 2. Choose a Ondo Finance Lender

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

   Platform	Coin	Interest rate
   Kucoin	Ondo Finance (ONDO)	Up to 0.02 APY
   Bitget	Ondo Finance (ONDO)	Up to 1.00 APY

3. 3. Lend Your Ondo Finance

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