Where & how to lend Ondo Finance (ONDO)

Introduction

Lending Ondo Finance can be a great option for those who want to hold ONDO 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 Ondo Finance (ONDO) tokens

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

   Platform	Coin	Price
   Bitpanda	Ondo Finance (ONDO)	$0.7088
   Uphold	Ondo Finance (ONDO)	$0.7193
   YouHodler	Ondo Finance (ONDO)	$0.7077
   Kraken	Ondo Finance (ONDO)	$0.7068
   OKX	Ondo Finance (ONDO)	$0.7078
   Coinbase	Ondo Finance (ONDO)	$0.7069

   See all 15 prices

2. 2. Choose a Ondo Finance lender

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

   Platform	Coin	Interest rate
   YouHodler	Ondo Finance (ONDO)	Up to 30% APY
   Bitget	Ondo Finance (ONDO)	Up to 1.3% APY

3. 3. Lend your Ondo Finance

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