Where & how to lend Lisk (LSK)

Introduction

Lending Lisk can be a great option for those who want to hold LSK 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 Lisk (LSK) tokens

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

   Platform	Coin	Price
   Bitpanda	Lisk (LSK)	$0.745
   Uphold	Lisk (LSK)	$0.8748
   Kraken	Lisk (LSK)	$0.739
   OKX	Lisk (LSK)	$0.7416
   Binance	Lisk (LSK)	$0.74
   BingX	Lisk (LSK)	$0.741

   See all 10 prices

2. 2. Choose a Lisk lender

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

   Platform	Coin	Interest rate
   OKX	Lisk (LSK)	Up to 1% APY
   Kucoin	Lisk (LSK)	Up to 0.5% APY

3. 3. Lend your Lisk

   Once you’ve chosen a platform to lending your Lisk, transfer your Lisk 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.