How to Lend Dymension (DYM)

Introduction

Lending Dymension can be an excellent choice for those looking to hold DYM 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 Dymension (DYM) Tokens

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

   Platform	Mint	Cost
   Binance	Dymension (DYM)	0,22
   Kraken	Dymension (DYM)	0,22
   BingX	Dymension (DYM)	0,22
   Bitfinex	Dymension (DYM)	0,22
   Bitget	Dymension (DYM)	0,22
   Bitmart	Dymension (DYM)	0,22

   View all 35 prices

2. 2. Select a Dymension Lender

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

   Platform	Mint	APY
   Kucoin	Dymension (DYM)	Up to 0,5% APY

3. 3. Lend Your Dymension

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