Earn up to
30% APY
An in-depth guide on how to lend Pyth Network (PYTH)
We have a lot of data on lending Pyth Network (PYTH) and we share some of this with you.
We show you some lending options with other coins that could be of interest.
Pyth Network (PYTH) is currently priced at $30 with a 24-hour trading volume of $40.81M. The market cap of Pyth Network stands at $1.19B, with 3.62B PYTH in circulation. For those looking to buy or trade Pyth Network, YouHodler offers avenues to do so securely and efficiently}
Lending Pyth Network can be a great option for those who want to hold PYTH 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 Pyth Network, you need to have it. To obtain Pyth Network, you'll need to purchase it. You can choose from these popular exchanges.
Once you have PYTH, you'll need to choose a Pyth Network lending platform to lend your tokens. You can see some options here.
| Platform | Coin | Interest rate |
|---|---|---|
| YouHodler | Pyth Network (PYTH) | Up to 30% APY |
| Kucoin | Pyth Network (PYTH) | Up to 0.5% APY |
Once you've chosen a platform to lending your Pyth Network, transfer your Pyth Network 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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