Where & how to lend DeFiChain (DFI)

Introduction

Lending DeFiChain can be a great option for those who want to hold DFI but earn yield. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-step

1. 1. Obtain DeFiChain (DFI) tokens

   In order to lend DeFiChain, you need to have it. To obtain DeFiChain, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   MEXC Global	DeFiChain (DFI)	$0.0037
   Kucoin	DeFiChain (DFI)	$0.0215
   Bitget	DeFiChain (DFI)	$0.0215
   Bake	DeFiChain (DFI)	$0.0215
   Bybit	DeFiChain (DFI)	$0.0215

   See all 5 prices

2. 2. Choose a DeFiChain lender

   Once you have DFI, you’ll need to choose a DeFiChain lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Bake	DeFiChain (DFI)	Up to 0.059% APY

3. 3. Lend your DeFiChain

   Once you’ve chosen a platform to lending your DeFiChain, transfer your DeFiChain into your wallet in the lending platform. Once it’s deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.

4. 4. Earn interest

   Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your lending platform pays compounding interest to maximise your returns.

What to be aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don’t lend more than you’re willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.