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Where and How to Lend Polkadot (DOT)

Earn up to
15.00 APY

Lend with Nexo

What you'll learn

  1. 1

    How to Lend Polkadot (DOT)

    An in-depth guide on how to lend Polkadot (DOT)

  2. 2

    Statistics about Polkadot Lending

    We have a lot of data on lending Polkadot (DOT) and we share some of this with you.

  3. 3

    Other coins you can Lend

    We show you some lending options with other coins that could be of interest.

Introduction

Lending Polkadot can be a great option for those who want to hold DOT 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 Polkadot (DOT) Tokens

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

  2. 2. Choose a Polkadot Lender

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

    PlatformCoinInterest rate
    NexoPolkadot (DOT)Up to 15.00 APY
    EarnParkPolkadot (DOT)Up to 12.00 APY
    MEXC GlobalPolkadot (DOT)Up to 5.00 APY
    KucoinPolkadot (DOT)Up to 1.00 APY
    See all 10 lending rates
  3. 3. Lend Your Polkadot

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

Latest Movements

Polkadot (DOT) is currently priced at $16.00 with a 24-hour trading volume of $222.51M. In the last 24 hours, Polkadot has seen an increase of 9,900.00%. The market cap of Polkadot stands at $5.67B, with $1.43B DOT in circulation. For those looking to buy or trade Polkadot, Nexo offers avenues to do so securely and efficiently}

Market cap
$5.67B
24h volume
$222.51M
Circulating supply
$1.43B
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