Where & how to lend First Digital USD (FDUSD)

Introduction

Lending First Digital USD can be a great option for those who want to hold FDUSD 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 First Digital USD (FDUSD) tokens

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

   Platform	Coin	Price
   Binance	First Digital USD (FDUSD)	$0.9991
   BingX	First Digital USD (FDUSD)	$0.9997
   Bitmart	First Digital USD (FDUSD)	$0.999
   MEXC Global	First Digital USD (FDUSD)	$0.9994
   Bitget	First Digital USD (FDUSD)	$0.9978

   See all 5 prices

2. 2. Choose a First Digital USD lender

   Once you have FDUSD, you’ll need to choose a First Digital USD lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Aave	First Digital USD (FDUSD)	Up to 2.86% APY
   BTSE	First Digital USD (FDUSD)	Up to 6.5% APY

3. 3. Lend your First Digital USD

   Once you’ve chosen a platform to lending your First Digital USD, transfer your First Digital USD 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.