Introduction

Lending FYDcoin can be a great option for those who want to hold FYD 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 FYDcoin (FYD) Tokens

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

2. 2. Choose a FYDcoin Lender

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

3. 3. Earn FYDcoin

   Once you've chosen a platform to earn your FYDcoin, transfer your FYDcoin 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.