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Introduction

Lending Polkadot is an excellent choice for those looking to hold DOT 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 Polkadot (DOT) Tokens

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

   Platform	Coin	Cost
   Nexo	Polkadot (DOT)	2.09
   PrimeXBT	Polkadot (DOT)	2.08
   EarnPark	Polkadot (DOT)	2.06
   YouHodler	Polkadot (DOT)	2.08
   Binance	Polkadot (DOT)	2.08
   BTSE	Polkadot (DOT)	2.08

   View all 67 prices

2. 2. Select a Polkadot Lender

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

   Platform	Coin	Interest rate
   Nexo	Polkadot (DOT)	Earn up to 15% APY
   EarnPark	Polkadot (DOT)	Earn up to 5.5% APY
   YouHodler	Polkadot (DOT)	Earn up to 16% APY
   Bitget	Polkadot (DOT)	Earn up to 8.6% APY
   Blockchain.com	Polkadot (DOT)	Earn up to 5% APY

   View all 16 loan rates

3. 3. Earn Polkadot

   After selecting a platform to earn your Polkadot, transfer your Polkadot 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.