How to Lend GHO (GHO): A Step-by-Step Guide for South Africans

Introduction

Lending GHO can be an excellent choice for those looking to hold GHO 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. Acquire GHO (GHO) Tokens
To lend GHO, you first need to possess it. To acquire GHO, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Bitget GHO (GHO) 1
Gate.io GHO (GHO) 1
2. Select a GHO Lender
Once you have GHO, you'll need to select a GHO lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Aave GHO (GHO) Up to 8,68% APY
3. Lend Your GHO
Once you've selected a platform to lend your GHO, transfer your GHO 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. 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.

Platform	Mint	Cost
Bitget	GHO (GHO)	1
Gate.io	GHO (GHO)	1

Platform	Mint	APY
Aave	GHO (GHO)	Up to 8,68% APY

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.