Where & how to lend Nervos Network (CKB)

Introduction

Lending Nervos Network can be a great option for those who want to hold CKB 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 Nervos Network (CKB) tokens

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

   Platform	Coin	Price
   Bitpanda	Nervos Network (CKB)	$0.008
   Binance	Nervos Network (CKB)	$0.0079
   BingX	Nervos Network (CKB)	$0.0079
   Bitmart	Nervos Network (CKB)	$0.0081
   MEXC Global	Nervos Network (CKB)	$0.0079
   Kucoin	Nervos Network (CKB)	$0.0079

   See all 8 prices

2. 2. Choose a Nervos Network lender

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

   Platform	Coin	Interest rate
   Kucoin	Nervos Network (CKB)	Up to 0.274% APY
   Bitget	Nervos Network (CKB)	Up to 0.8% APY

3. 3. Lend your Nervos Network

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