Where & how to lend Rocket Pool (RPL)

Introduction

Lending Rocket Pool can be a great option for those who want to hold RPL 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 Rocket Pool (RPL) tokens

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

   Platform	Coin	Price
   Bitpanda	Rocket Pool (RPL)	$9.91
   Uphold	Rocket Pool (RPL)	$12.04
   Kraken	Rocket Pool (RPL)	$9.96
   OKX	Rocket Pool (RPL)	$9.88
   Binance	Rocket Pool (RPL)	$9.54
   Coinbase	Rocket Pool (RPL)	$9.9

   See all 15 prices

2. 2. Choose a Rocket Pool lender

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

   Platform	Coin	Interest rate
   Aave	Rocket Pool (RPL)	Up to 2.99% APY
   Kucoin	Rocket Pool (RPL)	Up to 0.5% APY

3. 3. Lend your Rocket Pool

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