Where and How to Lend Parcl (PRCL)

Introduction

Lending Parcl can be a great option for those who want to hold PRCL 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 Parcl (PRCL) Tokens

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

   Platform	Coin	Price
   Kraken	Parcl (PRCL)	0.20
   OKX	Parcl (PRCL)	0.20
   Bitmart	Parcl (PRCL)	0.20
   MEXC Global	Parcl (PRCL)	0.21
   BingX	Parcl (PRCL)	0.21
   Bitget	Parcl (PRCL)	0.20

   See all 11 prices

2. 2. Choose a Parcl Lender

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

   Platform	Coin	Interest rate
   Kucoin	Parcl (PRCL)	Up to 0.50 APY

3. 3. Lend Your Parcl

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