How to Lend Injective (INJ)

Introduction

Lending Injective can be an excellent choice for those looking to hold INJ 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 Injective (INJ) Tokens

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

   Platform	Mint	Cost
   PrimeXBT	Injective (INJ)	5,13
   YouHodler	Injective (INJ)	5,13
   Binance	Injective (INJ)	5,13
   BTSE	Injective (INJ)	5,13
   Coinbase	Injective (INJ)	5,13

   View all 63 prices

2. 2. Select a Injective Lender

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

   Platform	Mint	APY
   Nexo	Injective (INJ)	Up to 9% APY
   YouHodler	Injective (INJ)	Up to 16% APY
   Gemini	Injective (INJ)	Up to 0,01% APY

   View all 7 lending APYs

3. 3. Lend Your Injective

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