Where & how to lend LUKSO (LYX)

Introduction

Lending LUKSO can be a great option for those who want to hold LYX 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 LUKSO (LYX) tokens

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

   Platform	Coin	Price
   Bitpanda	LUKSO (LYX)	$2.19
   Uphold	LUKSO (LYX)	$2.45
   BTSE	LUKSO (LYX)	$0.006
   MEXC Global	LUKSO (LYX)	$2.13
   Kucoin	LUKSO (LYX)	$2.19
   Bitget	LUKSO (LYX)	$2.14

   See all 7 prices

2. 2. Choose a LUKSO lender

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

   Platform	Coin	Interest rate
   Kucoin	LUKSO (LYX)	Up to 0.2153% APY
   Bitget	LUKSO (LYX)	Up to 1% APY

3. 3. Lend your LUKSO

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