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Introduction

Lending Pencils Protocol is an excellent choice for those looking to hold DAPP while earning yield. The process may seem intimidating, especially for first-timers. That's why we've created this guide to help you navigate it.

Comprehensive Guide

1. 1. Acquire Pencils Protocol (DAPP) Tokens

   To lend Pencils Protocol, you must first possess it. To acquire Pencils Protocol, you will need to buy it. You can select from these well-known exchanges.

2. 2. Select a Pencils Protocol Lender

   Once you have DAPP, you'll need to select a Pencils Protocol lending platform to lend your tokens. You can find some options here.

   Platform	Coin	Interest rate
   Kucoin	Pencils Protocol (DAPP)	Earn up to 300% APY

3. 3. Earn Pencils Protocol

   After selecting a platform to earn your Pencils Protocol, transfer your Pencils Protocol to your wallet on that platform. Once deposited, it will begin accruing interest. Some platforms offer daily interest payments, while others may pay weekly or monthly.

4. 4. Accumulate Interest

   Now all you need to do is relax while your crypto generates interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding interest to maximize your returns.

Key Considerations

Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before making any deposits. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the security measures they have in place for your assets.