How to Lend Curve DAO (CRV)

Introduction

Lending Curve DAO can be an excellent choice for those looking to hold CRV 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 Curve DAO (CRV) Tokens

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

   Platform	Mint	Cost
   Nexo	Curve DAO (CRV)	0,4
   PrimeXBT	Curve DAO (CRV)	0,4
   Binance	Curve DAO (CRV)	0,4
   BTSE	Curve DAO (CRV)	0,4
   Coinbase	Curve DAO (CRV)	0,4
   Kraken	Curve DAO (CRV)	0,4

   View all 71 prices

2. 2. Select a Curve DAO Lender

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

   Platform	Mint	APY
   Aave	Curve DAO (CRV)	Up to 1,58% APY
   Bitget	Curve DAO (CRV)	Up to 1% APY
   Blockchain.com	Curve DAO (CRV)	Up to 1% APY

   View all 9 lending APYs

3. 3. Lend Your Curve DAO

   Once you've selected a platform to lend your Curve DAO, transfer your Curve DAO 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.