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Introduction

Lending Shiba Inu is an excellent choice for those looking to hold SHIB 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 Shiba Inu (SHIB) Tokens

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

   Platform	Coin	Cost
   YouHodler	Shiba Inu (SHIB)	0.000007076
   Binance	Shiba Inu (SHIB)	0.00000708
   BTSE	Shiba Inu (SHIB)	0.000007091
   OKX	Shiba Inu (SHIB)	0.00001234
   Uphold	Shiba Inu (SHIB)	0.00001307
   Bake	Shiba Inu (SHIB)	0.00000709

   View all 42 prices

2. 2. Select a Shiba Inu Lender

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

   Platform	Coin	Interest rate
   YouHodler	Shiba Inu (SHIB)	Earn up to 16% APY
   CEX.io	Shiba Inu (SHIB)	Earn up to 1% APY

   View all 6 loan rates

3. 3. Earn Shiba Inu

   After selecting a platform to earn your Shiba Inu, transfer your Shiba Inu 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.