Where & how to lend Kyber Network Crystal v2 (KNC)

Introduction

Lending Kyber Network Crystal v2 can be a great option for those who want to hold KNC 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 Kyber Network Crystal v2 (KNC) tokens

   In order to lend Kyber Network Crystal v2, you need to have it. To obtain Kyber Network Crystal v2, you’ll need to purchase it. You can choose from these popular exchanges.

   Platform	Coin	Price
   Bitpanda	Kyber Network Crystal v2 (KNC)	$0.4523
   Uphold	Kyber Network Crystal v2 (KNC)	$0.4653
   Wirex	Kyber Network Crystal v2 (KNC)	$0.4553
   Kraken	Kyber Network Crystal v2 (KNC)	$0.4509
   OKX	Kyber Network Crystal v2 (KNC)	$0.4524
   Binance	Kyber Network Crystal v2 (KNC)	$0.4279

   See all 16 prices

2. 2. Choose a Kyber Network Crystal v2 lender

   Once you have KNC, you’ll need to choose a Kyber Network Crystal v2 lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   Aave	Kyber Network Crystal v2 (KNC)	Up to 0.4203% APY
   OKX	Kyber Network Crystal v2 (KNC)	Up to 1% APY

3. 3. Lend your Kyber Network Crystal v2

   Once you’ve chosen a platform to lending your Kyber Network Crystal v2, transfer your Kyber Network Crystal v2 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.