Where & how to lend Shiba Inu (SHIB)

Introduction

Lending Shiba Inu can be a great option for those who want to hold SHIB 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 Shiba Inu (SHIB) tokens

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

   Platform	Coin	Price
   Bitpanda	Shiba Inu (SHIB)	$0.0000129
   M2	Shiba Inu (SHIB)	$0.00001283
   YouHodler	Shiba Inu (SHIB)	$0.00001286
   Uphold	Shiba Inu (SHIB)	$0.00001429
   Wirex	Shiba Inu (SHIB)	$0.00002381
   Kraken	Shiba Inu (SHIB)	$0.00001283

   See all 21 prices

2. 2. Choose a Shiba Inu lender

   Once you have SHIB, you’ll need to choose a Shiba Inu lending platform to lend your tokens. You can see some options here.

   Platform	Coin	Interest rate
   M2	Shiba Inu (SHIB)	Up to 3.5% APY

3. 3. Lend your Shiba Inu

   Once you’ve chosen a platform to lending your Shiba Inu, transfer your Shiba Inu 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.