How to Lend Rocket Pool (RPL)

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. 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)	2,03
   Coinbase	Rocket Pool (RPL)	2,03
   Kraken	Rocket Pool (RPL)	2
   OKX	Rocket Pool (RPL)	5,31
   Uphold	Rocket Pool (RPL)	6,13
   Azbit	Rocket Pool (RPL)	2,02

   View all 46 prices

2. 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. 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. 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.