How to Lend Pudgy Penguins (pengu)

Introduction

Lending Pudgy Penguins can be an excellent choice for those looking to hold pengu 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 Pudgy Penguins (pengu) Tokens

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

   Platform	Mint	Cost
   PrimeXBT	Pudgy Penguins (pengu)	0,01
   Coinbase	Pudgy Penguins (pengu)	0,01
   Kraken	Pudgy Penguins (pengu)	0,01
   Uphold	Pudgy Penguins (pengu)	0,01
   Bitstamp	Pudgy Penguins (pengu)	0,01

   View all 9 prices

2. 2. Select a Pudgy Penguins Lender

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

   Platform	Mint	APY
   YouHodler	Pudgy Penguins (pengu)	Up to 30% APY
   Kucoin	Pudgy Penguins (pengu)	Up to 1,24% APY

   View all 4 lending APYs

3. 3. Lend Your Pudgy Penguins

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