How to Lend LayerZero (ZRO)

Introduction

Lending LayerZero can be an excellent choice for those looking to hold ZRO 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 LayerZero (ZRO) Tokens

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

   Platform	Mint	Cost
   PrimeXBT	LayerZero (ZRO)	1,34
   YouHodler	LayerZero (ZRO)	1,34
   Binance	LayerZero (ZRO)	1,34
   BTSE	LayerZero (ZRO)	1,36
   Coinbase	LayerZero (ZRO)	1,34
   Kraken	LayerZero (ZRO)	1,33

   View all 53 prices

2. 2. Select a LayerZero Lender

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

   Platform	Mint	APY
   YouHodler	LayerZero (ZRO)	Up to 30% APY
   Kucoin	LayerZero (ZRO)	Up to 0,5% APY

   View all 4 lending APYs

3. 3. Lend Your LayerZero

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