Where and How to Lend Pyth Network (PYTH)

Introduction

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.

Step-by-Step Guide

1. 1. Obtain Pyth Network (PYTH) Tokens

   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.

   Platform	Coin	Price
   Bitpanda	Pyth Network (PYTH)	0.33
   Uphold	Pyth Network (PYTH)	0.33
   Kraken	Pyth Network (PYTH)	0.32
   OKX	Pyth Network (PYTH)	0.33
   YouHodler	Pyth Network (PYTH)	0.33
   Binance	Pyth Network (PYTH)	0.32

   See all 21 prices

2. 2. Choose a Pyth Network Lender

   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 30.00 APY
   Kucoin	Pyth Network (PYTH)	Up to 0.50 APY
   OKX	Pyth Network (PYTH)	Up to 1.00 APY

3. 3. Lend Your Pyth Network

   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.

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.