Earn up to
15% APY
An in-depth guide on how to lend Polkadot (DOT)
We have a lot of data on lending Polkadot (DOT) and we share some of this with you.
We show you some lending options with other coins that could be of interest.
Polkadot (DOT) is currently priced at $10.22 with a 24-hour trading volume of $318.92M. The market cap of Polkadot stands at $10.07B, with 1.52B DOT in circulation. For those looking to buy or trade Polkadot, Nexo offers avenues to do so securely and efficiently}
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.
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.
| Platform | Coin | Price |
|---|---|---|
| Nexo | Polkadot (DOT) | 1.82 |
| PrimeXBT | Polkadot (DOT) | 1.82 |
| EarnPark | Polkadot (DOT) | 1.81 |
| YouHodler | Polkadot (DOT) | 1.82 |
| Binance | Polkadot (DOT) | 1.82 |
| BTSE | Polkadot (DOT) | 1.82 |
Once you have DOT, you'll need to choose a Polkadot lending platform to lend your tokens. You can see some options here.
| Platform | Coin | Interest rate |
|---|---|---|
| Nexo | Polkadot (DOT) | Up to 15% APY |
| EarnPark | Polkadot (DOT) | Up to 5.5% APY |
| YouHodler | Polkadot (DOT) | Up to 16% APY |
| Bitget | Polkadot (DOT) | Up to 8.6% APY |
| Blockchain.com | Polkadot (DOT) | Up to 5% APY |
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.
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.
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.
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