How to Lend Rocket Pool (RPL): A Step-by-Step Guide for South Africans

Introduction

Lending Rocket Pool can be an excellent choice for those looking to hold RPL 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 Rocket Pool (RPL) Tokens
To lend Rocket Pool, you first need to possess it. To acquire Rocket Pool, you'll need to buy it. You can select from these well-known exchanges.
Platform Mint Cost
Binance Rocket Pool (RPL) 1,81
Coinbase Rocket Pool (RPL) 1,81
Kraken Rocket Pool (RPL) 1,82
OKX Rocket Pool (RPL) 5,31
Uphold Rocket Pool (RPL) 6,13
Azbit Rocket Pool (RPL) 1,8
View all 46 prices
2. Select a Rocket Pool Lender
Once you have RPL, you'll need to select a Rocket Pool lending platform to lend your tokens. You can explore some options here.
Platform Mint APY
Aave Rocket Pool (RPL) Up to 2,99% APY
Kucoin Rocket Pool (RPL) Up to 0,5% APY
View all 4 lending APYs
3. Lend Your Rocket Pool
Once you've selected a platform to lend your Rocket Pool, transfer your Rocket Pool 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
Binance	Rocket Pool (RPL)	1,81
Coinbase	Rocket Pool (RPL)	1,81
Kraken	Rocket Pool (RPL)	1,82
OKX	Rocket Pool (RPL)	5,31
Uphold	Rocket Pool (RPL)	6,13
Azbit	Rocket Pool (RPL)	1,8

Platform	Mint	APY
Aave	Rocket Pool (RPL)	Up to 2,99% APY
Kucoin	Rocket Pool (RPL)	Up to 0,5% 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.