Where & how to lend Pax Dollar (USDP)

Introduction

Lending Pax Dollar can be a great option for those who want to hold USDP 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 Pax Dollar (USDP) tokens

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

   Platform	Coin	Price
   YouHodler	Pax Dollar (USDP)	$1
   Uphold	Pax Dollar (USDP)	$1
   Wirex	Pax Dollar (USDP)	$1
   Binance	Pax Dollar (USDP)	$1
   Coinbase	Pax Dollar (USDP)	$0.9996

   See all 9 prices

2. 2. Choose a Pax Dollar lender

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

   Platform	Coin	Interest rate
   Nexo	Pax Dollar (USDP)	Up to 14% APY
   YouHodler	Pax Dollar (USDP)	Up to 20% APY
   Neverless	Pax Dollar (USDP)	Up to 14% APY
   Aave	Pax Dollar (USDP)	Up to 3.48% APY

   See all 6 lending rates

3. 3. Lend your Pax Dollar

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