How to Lend Arbitrum (ARB)

Introduction

Lending Arbitrum can be an excellent choice for those looking to hold ARB 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 Arbitrum (ARB) Tokens

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

   Platform	Mint	Cost
   Nexo	Arbitrum (ARB)	0,19
   EarnPark	Arbitrum (ARB)	0,19
   YouHodler	Arbitrum (ARB)	0,19
   Binance	Arbitrum (ARB)	0,19
   BTSE	Arbitrum (ARB)	0,19
   Coinbase	Arbitrum (ARB)	0,19

   View all 58 prices

2. 2. Select a Arbitrum Lender

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

   Platform	Mint	APY
   Nexo	Arbitrum (ARB)	Up to 6% APY
   EarnPark	Arbitrum (ARB)	Up to 7% APY
   Aave	Arbitrum (ARB)	Up to 0,71% APY
   Bitget	Arbitrum (ARB)	Up to 0,16% APY

   View all 11 lending APYs

3. 3. Lend Your Arbitrum

   Once you've selected a platform to lend your Arbitrum, transfer your Arbitrum into your wallet on the lending platform. Once it's deposited, it will begin to earn 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. Make sure your lending 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.