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Introduction

Lending Orchid Protocol can be an excellent choice for those looking to hold OXT while earning a return. The process may seem a bit overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Orchid Protocol (OXT) Tokens

   To lend Orchid Protocol, you first need to possess it. To acquire Orchid Protocol, you'll need to buy it. You can select from these well-known exchanges.

   Platform	Mint	Cost
   Binance	Orchid Protocol (OXT)	0,02
   Coinbase	Orchid Protocol (OXT)	0,02
   Kraken	Orchid Protocol (OXT)	0,02
   OKX	Orchid Protocol (OXT)	0,07
   Uphold	Orchid Protocol (OXT)	0,06
   BingX	Orchid Protocol (OXT)	0,05

   View all 38 prices

2. 2. Select a Orchid Protocol Lender

   Once you have OXT, you'll need to select a Orchid Protocol lending platform to lend your tokens. You can explore some options here.

   Platform	Mint	APY
   Gemini	Orchid Protocol (OXT)	Up to 0,01% APY
   Kucoin	Orchid Protocol (OXT)	Up to 0,5% APY

   View all 4 lending APYs

3. 3. Earn Orchid Protocol

   Once you've selected a platform to earn your Orchid Protocol, transfer your Orchid Protocol into your wallet on the earning platform. Once it's deposited, it will start earning APY. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn Interest in South Africa

   Now all you need to do is sit back while your cryptocurrency earns APY. The more you deposit, the more interest you can earn. Try to ensure your earning platform pays compounding interest to maximise your returns.

What to Keep in Mind

Lending your crypto can be risky. Ensure you conduct thorough research before depositing your crypto. Don't lend more than you're prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.