Where and How to Lend Perpetual Protocol (PERP)

Introduction

Lending Perpetual Protocol can be a great option for those who want to hold PERP 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 Perpetual Protocol (PERP) Tokens

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

   Platform	Coin	Price
   Bitpanda	Perpetual Protocol (PERP)	0.82
   Uphold	Perpetual Protocol (PERP)	0.84
   Kraken	Perpetual Protocol (PERP)	0.82
   OKX	Perpetual Protocol (PERP)	0.81
   Binance	Perpetual Protocol (PERP)	0.86
   Coinbase	Perpetual Protocol (PERP)	0.82

   See all 19 prices

2. 2. Choose a Perpetual Protocol Lender

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

   Platform	Coin	Interest rate
   OKX	Perpetual Protocol (PERP)	Up to 1 APY

3. 3. Lend Your Perpetual Protocol

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