Introduction

Lending Decentralized Social can be a great option for those who want to hold DESO but earn yield. The steps can be a bit intimidating, particularly the first time you try them. That’s why we’ve compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Decentralized Social (DESO) Tokens

   To lend Decentralized Social, you need to have it. To get Decentralized Social, you’ll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Coinbase	Decentralized Social (DESO)	6,92
   Gate.io	Decentralized Social (DESO)	3,45
   CoinEx	Decentralized Social (DESO)	3,42
   HTX	Decentralized Social (DESO)	3,3

   See all 7 prices

2. 2. Choose a Decentralized Social Lender

   Once you have DESO, you'll need to choose a Decentralized Social lending platform to lend your tokens. You can see some options here.

3. 3. Earn Decentralized Social

   Once you've chosen a platform to earn your Decentralized Social, transfer your Decentralized Social into your wallet on the earning 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 earning 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.