Where & how to lend Near Protocol (NEAR)

Introduction

Lending Near Protocol can be a great option for those who want to hold NEAR 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 Near Protocol (NEAR) tokens

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

   Platform	Coin	Price
   Bitpanda	Near Protocol (NEAR)	$3.88
   M2	Near Protocol (NEAR)	$3.89
   YouHodler	Near Protocol (NEAR)	$3.89
   Uphold	Near Protocol (NEAR)	$4.32
   Wirex	Near Protocol (NEAR)	$3.9
   Kraken	Near Protocol (NEAR)	$3.9

   See all 22 prices

2. 2. Choose a Near Protocol lender

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

   Platform	Coin	Interest rate
   Nexo	Near Protocol (NEAR)	Up to 10% APY
   M2	Near Protocol (NEAR)	Up to 8.6% APY
   YouHodler	Near Protocol (NEAR)	Up to 16% APY
   OKX	Near Protocol (NEAR)	Up to 1% APY

   See all 9 lending rates

3. 3. Lend your Near Protocol

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